Verity Asset Management Inc. Sells 8,007 Shares of Mondelez International, Inc. $MDLZ

Verity Asset Management Inc. trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 50.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,009 shares of the company’s stock after selling 8,007 shares during the quarter. Verity Asset Management Inc.’s holdings in Mondelez International were worth $540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Abound Financial LLC bought a new stake in shares of Mondelez International during the 1st quarter valued at $25,000. Rossby Financial LCC raised its stake in shares of Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares during the period. Financial Connections Group Inc. bought a new stake in shares of Mondelez International during the 2nd quarter valued at $33,000. Saudi Central Bank bought a new stake in shares of Mondelez International during the 1st quarter valued at $36,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of 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 period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Mondelez International stock opened at $57.46 on Monday. The firm’s fifty day moving average price is $61.83 and its 200-day moving average price is $64.83. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61. The stock has a market cap of $74.35 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 5.34 and a beta of 0.45. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MDLZ. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday. Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Mizuho reduced their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada reduced their target price on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $68.68.

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.