Farther Finance Advisors LLC Sells 961 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Farther Finance Advisors LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 14,949 shares of the company’s stock after selling 961 shares during the period. Farther Finance Advisors LLC’s holdings in Mondelez International were worth $1,102,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Norden Group LLC raised its holdings in shares of Mondelez International by 39.8% in the 1st quarter. Norden Group LLC now owns 8,695 shares of the company’s stock worth $609,000 after purchasing an additional 2,476 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Mondelez International during the 1st quarter valued at $724,000. Pictet North America Advisors SA bought a new position in shares of Mondelez International during the 1st quarter worth $875,000. Boomfish Wealth Group LLC increased its holdings in Mondelez International by 10.6% in the 1st quarter. Boomfish Wealth Group LLC now owns 16,871 shares of the company’s stock worth $1,181,000 after acquiring an additional 1,615 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in Mondelez International by 16.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 282,404 shares of the company’s stock valued at $19,768,000 after acquiring an additional 40,212 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MDLZ. Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group began coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Evercore ISI increased their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. DA Davidson reduced their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Citigroup dropped their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Price Performance

MDLZ stock opened at $68.51 on Monday. The firm has a 50 day simple moving average of $72.35 and a two-hundred day simple moving average of $69.81. The stock has a market cap of $91.52 billion, a PE ratio of 24.29, a P/E/G ratio of 2.97 and a beta of 0.55. Mondelez International, Inc. has a one year low of $64.18 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.50.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. On average, analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

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.