Wade G W & Inc. Cuts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Wade G W & Inc. lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,514 shares of the company’s stock after selling 946 shares during the quarter. Wade G W & Inc.’s holdings in Mondelez International were worth $834,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Murphy Middleton Hinkle & Parker Inc. grew its holdings in Mondelez International by 3.9% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after buying an additional 136 shares in the last quarter. Cobblestone Asset Management LLC grew its holdings in shares of Mondelez International by 2.8% in the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock valued at $361,000 after purchasing an additional 138 shares in the last quarter. Graypoint LLC grew its holdings in shares of Mondelez International by 1.1% in the fourth quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after purchasing an additional 138 shares in the last quarter. Guyasuta Investment Advisors Inc. increased its position in Mondelez International by 0.8% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after purchasing an additional 138 shares during the last quarter. Finally, Rossmore Private Capital raised its stake in Mondelez International by 0.3% during the fourth quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock valued at $3,625,000 after purchasing an additional 139 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.6 %

Shares of MDLZ stock traded up $0.46 during mid-day trading on Thursday, hitting $71.79. The stock had a trading volume of 1,956,324 shares, compared to its average volume of 7,709,360. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.92. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The firm’s 50-day moving average is $69.98 and its two-hundred day moving average is $71.31. The firm has a market capitalization of $96.30 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the previous year, the business posted $0.89 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

MDLZ has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Citigroup decreased their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. JPMorgan Chase & Co. lowered their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, Barclays cut their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.75.

Mondelez International Company 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.