Connecticut Wealth Management LLC Trims Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Connecticut Wealth Management LLC lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,933 shares of the company’s stock after selling 473 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Mondelez International were worth $647,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Carmel Capital Partners LLC bought a new position in Mondelez International in the 3rd quarter worth $28,000. First Command Advisory Services Inc. bought a new position in shares of Mondelez International in the third quarter worth about $29,000. HHM Wealth Advisors LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth about $29,000. Orion Capital Management LLC bought a new stake in Mondelez International during the 3rd quarter valued at approximately $35,000. Finally, Milestone Investment Advisors LLC bought a new stake in Mondelez International during the 3rd quarter valued at approximately $56,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.9 %

Shares of NASDAQ:MDLZ traded down $0.61 during trading on Friday, hitting $69.89. The company had a trading volume of 8,093,601 shares, compared to its average volume of 9,882,163. The stock has a market cap of $94.11 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.43. The company has a fifty day simple moving average of $70.21 and a two-hundred day simple moving average of $71.01. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $78.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $0.89 earnings per share. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on MDLZ shares. Stifel Nicolaus upped their price target on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Barclays cut their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Citigroup reduced their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.75.

Mondelez International Company 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.