Grandfield & Dodd LLC Has $6.97 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Grandfield & Dodd LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,657 shares of the company’s stock after selling 1,312 shares during the period. Grandfield & Dodd LLC’s holdings in Mondelez International were worth $6,973,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. grew its holdings in shares of Mondelez International by 16.6% during the 1st quarter. Bessemer Group Inc. now owns 96,939 shares of the company’s stock worth $6,785,000 after purchasing an additional 13,793 shares in the last quarter. Lake Street Advisors Group LLC boosted its position in Mondelez International by 39.2% in the first quarter. Lake Street Advisors Group LLC now owns 10,148 shares of the company’s stock valued at $715,000 after buying an additional 2,859 shares in the last quarter. Natixis bought a new position in Mondelez International in the first quarter valued at about $502,000. Crewe Advisors LLC acquired a new stake in Mondelez International during the 1st quarter worth approximately $146,000. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Mondelez International by 5.6% during the first quarter. EP Wealth Advisors LLC now owns 22,500 shares of the company’s stock worth $1,575,000 after purchasing an additional 1,198 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup cut their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Price Performance

NASDAQ MDLZ opened at $63.87 on Wednesday. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The company has a market cap of $85.41 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm’s 50-day simple moving average is $70.65 and its two-hundred day simple moving average is $69.45.

Mondelez International (NASDAQ:MDLZ) last released its quarterly 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. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 EPS. Research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current 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.