Waddell & Associates LLC Cuts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Waddell & Associates LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,426 shares of the company’s stock after selling 306 shares during the quarter. Waddell & Associates LLC’s holdings in Mondelez International were worth $326,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MDLZ. Axiom Advisory LLC lifted its stake in Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after acquiring an additional 143 shares during the last quarter. Sachetta LLC grew its stake in shares of Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after purchasing an additional 149 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares in the last quarter. Carnegie Investment Counsel increased its holdings in Mondelez International by 1.4% in the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after buying an additional 151 shares during the last quarter. Finally, Global Financial Private Client LLC raised its stake in Mondelez International by 8.4% in the first quarter. Global Financial Private Client LLC now owns 1,966 shares of the company’s stock valued at $137,000 after buying an additional 153 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MDLZ. Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group initiated coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. Redburn Atlantic started coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Citigroup reduced their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Piper Sandler increased their target price on shares of Mondelez International from $74.00 to $84.00 and gave the company 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 given a buy rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Trading Down 0.6 %

Shares of Mondelez International stock opened at $64.40 on Friday. The company has a 50-day moving average of $70.04 and a two-hundred day moving average of $69.34. Mondelez International, Inc. has a 12-month low of $63.40 and a 12-month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a market cap of $86.12 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 earnings per share. On average, research analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

About Mondelez International

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.