Legacy Bridge LLC Sells 824 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Legacy Bridge LLC lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,555 shares of the company’s stock after selling 824 shares during the period. Legacy Bridge LLC’s holdings in Mondelez International were worth $851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. E Fund Management Hong Kong Co. Ltd. bought a new stake in Mondelez International during the 2nd quarter valued at $26,000. Lynx Investment Advisory bought a new stake in shares of Mondelez International during the 2nd quarter valued at $27,000. Richardson Financial Services Inc. lifted its holdings in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International in the 2nd quarter worth about $29,000. Finally, Highline Wealth Partners LLC purchased a new position in Mondelez International during the 3rd quarter valued at about $38,000. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. DA Davidson lowered their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Wells Fargo & Company lowered their price objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Piper Sandler boosted their target price on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Stock Down 1.0 %

Shares of NASDAQ MDLZ opened at $63.84 on Tuesday. The stock has a market capitalization of $85.37 billion, a P/E ratio of 22.64, a PEG ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a one year low of $63.72 and a one year high of $77.20. The firm’s 50 day simple moving average is $70.87 and its two-hundred day simple moving average is $69.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter last year, the firm earned $0.82 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, analysts expect that Mondelez International, Inc. will post 3.48 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.