Motco Has $39,000 Stock Holdings in Mondelez International, Inc. $MDLZ

Motco lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 99.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 607 shares of the company’s stock after selling 138,404 shares during the period. Motco’s holdings in Mondelez International were worth $39,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hemington Wealth Management boosted its stake in Mondelez International by 11.4% during the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after purchasing an additional 156 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock valued at $1,083,000 after purchasing an additional 160 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares during the last quarter. Enterprise Bank & Trust Co boosted its stake in Mondelez International by 0.7% during the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock valued at $1,616,000 after purchasing an additional 170 shares during the last quarter. Finally, Sage Private Wealth Group LLC boosted its stake in Mondelez International by 3.7% during the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock valued at $334,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 3.9%

NASDAQ:MDLZ opened at $57.85 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $74.85 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 5.39 and a beta of 0.45. The firm’s 50 day moving average is $62.06 and its 200 day moving average is $64.98. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The company had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.14%. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Piper Sandler cut their price target on Mondelez International from $67.00 to $63.00 and set a “neutral” rating for the company in a research note on Wednesday. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Royal Bank Of Canada dropped their target price on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday. Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Finally, UBS Group dropped their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.21.

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.