Wellington Shields & Co. LLC decreased its stake in Mondelez International Inc (NASDAQ:MDLZ) by 86.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,304 shares of the company’s stock after selling 69,202 shares during the period. Wellington Shields & Co. LLC’s holdings in Mondelez International were worth $486,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Shields Capital Management LLC acquired a new stake in shares of Mondelez International in the third quarter valued at approximately $1,348,000. Fort Pitt Capital Group LLC acquired a new stake in shares of Mondelez International in the third quarter valued at approximately $214,000. Winfield Associates Inc. acquired a new stake in shares of Mondelez International in the third quarter valued at approximately $194,000. Picton Mahoney Asset Management raised its position in shares of Mondelez International by 8.7% in the third quarter. Picton Mahoney Asset Management now owns 453,500 shares of the company’s stock valued at $19,483,000 after buying an additional 36,200 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in shares of Mondelez International in the third quarter valued at approximately $1,465,000. Institutional investors own 75.00% of the company’s stock.
MDLZ has been the subject of a number of analyst reports. Royal Bank of Canada dropped their price target on shares of Mondelez International to $51.00 and set an “outperform” rating for the company in a research report on Monday, July 16th. BidaskClub upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. UBS Group set a $51.00 price target on shares of Mondelez International and gave the company a “buy” rating in a research report on Monday, September 24th. Morgan Stanley initiated coverage on shares of Mondelez International in a research report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $49.17.
Shares of MDLZ opened at $44.30 on Friday. Mondelez International Inc has a one year low of $37.42 and a one year high of $46.54. The company has a market cap of $64.03 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.99 and a beta of 0.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.56 and a quick ratio of 0.38.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Mondelez International had a net margin of 12.46% and a return on equity of 13.71%. The business had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $6.32 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. On average, sell-side analysts anticipate that Mondelez International Inc will post 2.43 earnings per share for the current fiscal year.
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Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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