Meridian Wealth Management LLC Sells 9,951 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Meridian Wealth Management LLC lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 50.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,913 shares of the company’s stock after selling 9,951 shares during the period. Meridian Wealth Management LLC’s holdings in Mondelez International were worth $718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its stake in shares of Mondelez International by 5.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock valued at $179,520,000 after purchasing an additional 120,665 shares during the period. Handelsinvest Investeringsforvaltning acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $1,650,000. AGF Management Ltd. increased its stake in shares of Mondelez International by 32.9% in the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock valued at $125,683,000 after acquiring an additional 429,936 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its position in shares of Mondelez International by 4.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock valued at $2,789,000 after acquiring an additional 1,713 shares during the period. Finally, Bahl & Gaynor Inc. boosted its stake in Mondelez International by 1.1% during the fourth quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock worth $422,468,000 after acquiring an additional 62,595 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on MDLZ shares. Stifel Nicolaus lifted their price target on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Barclays cut their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Citigroup cut their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Finally, Sanford C. Bernstein boosted their price target on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $80.75.

Check Out Our Latest Stock Report on Mondelez International

Mondelez International Price Performance

Mondelez International stock opened at $71.23 on Friday. The company has a market cap of $95.55 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.54 and a beta of 0.55. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.57. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $69.99 and its 200 day simple moving average is $71.35.

Mondelez International (NASDAQ:MDLZGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 3.5 EPS for the current year.

About Mondelez International

(Free Report)

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.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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