Nemes Rush Group LLC Lowers Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Nemes Rush Group LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 21.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,685 shares of the company’s stock after selling 454 shares during the period. Nemes Rush Group LLC’s holdings in Mondelez International were worth $122,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Northern Trust Corp lifted its holdings in shares of Mondelez International by 1.8% during the third quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock valued at $1,186,715,000 after purchasing an additional 303,965 shares during the last quarter. Norges Bank purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $1,231,413,000. Invesco Ltd. lifted its holdings in shares of Mondelez International by 9.2% during the third quarter. Invesco Ltd. now owns 7,721,800 shares of the company’s stock valued at $535,893,000 after purchasing an additional 648,270 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Mondelez International by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,495,895 shares of the company’s stock valued at $542,922,000 after acquiring an additional 396,849 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Mondelez International by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,399,451 shares of the company’s stock valued at $535,942,000 after acquiring an additional 127,904 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded down $0.71 during midday trading on Wednesday, hitting $69.95. The company had a trading volume of 2,265,895 shares, compared to its average volume of 7,607,233. 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 company has a market cap of $93.83 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.48 and a beta of 0.55. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The company has a fifty day moving average of $69.92 and a two-hundred day moving average of $71.45.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MDLZ shares. Barclays reduced their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup reduced their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. JPMorgan Chase & Co. reduced their price target on shares of 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, Sanford C. Bernstein raised their price target on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.75.

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.