First Horizon Advisors Inc. Sells 2,521 Shares of Mondelez International, Inc. $MDLZ

First Horizon Advisors Inc. reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 23.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 8,264 shares of the company’s stock after selling 2,521 shares during the period. First Horizon Advisors Inc.’s holdings in Mondelez International were worth $557,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Rossby Financial LCC lifted its position in shares of Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares during the last quarter. Financial Connections Group Inc. purchased a new position in Mondelez International in the 2nd quarter worth about $33,000. Saudi Central Bank purchased a new stake in Mondelez International in the 1st quarter valued at about $36,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Mondelez International by 37.2% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after buying an additional 163 shares during the period. Finally, Concord Wealth Partners grew its stake in Mondelez International by 204.9% in the 2nd quarter. Concord Wealth Partners now owns 625 shares of the company’s stock worth $42,000 after acquiring an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.3%

Shares of NASDAQ:MDLZ opened at $56.19 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15. The business’s fifty day simple moving average is $61.39 and its 200-day simple moving average is $64.55. The company has a market capitalization of $72.71 billion, a PE ratio of 21.05, a P/E/G ratio of 5.34 and a beta of 0.42. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share 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. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MDLZ has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Wells Fargo & Company decreased their target price on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Bank of America lowered their target price on Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. UBS Group cut their price target on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.68.

About Mondelez International

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.