Mondelez International, Inc. $MDLZ Stock Position Decreased by Wedbush Securities Inc.

Wedbush Securities Inc. decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,371 shares of the company’s stock after selling 2,889 shares during the quarter. Wedbush Securities Inc.’s holdings in Mondelez International were worth $1,711,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MDLZ. Rossby Financial LCC raised its position in shares of Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares during the period. Aspect Partners LLC boosted its position in Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares during the period. Financial Connections Group Inc. bought a new position in Mondelez International during the 2nd quarter worth $33,000. Saudi Central Bank bought a new position in Mondelez International during the 1st quarter worth $36,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in Mondelez International by 37.2% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after buying an additional 163 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Bank of America reduced their price target on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their target price for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Finally, DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.68.

Mondelez International Stock Performance

Shares of MDLZ opened at $57.18 on Friday. The firm has a market capitalization of $73.99 billion, a PE ratio of 21.42, a P/E/G ratio of 5.34 and a beta of 0.42. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $61.31 and a 200 day moving average price of $64.45. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.