Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by BBR Partners LLC

BBR Partners LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,458 shares of the company’s stock after selling 238 shares during the period. Mondelez International makes up 0.5% of BBR Partners LLC’s holdings, making the stock its 22nd biggest holding. BBR Partners LLC’s holdings in Mondelez International were worth $6,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in Mondelez International in the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International during the second quarter worth $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International in the second quarter valued at $27,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International in the 3rd quarter valued at $27,000. Finally, Richardson Financial Services Inc. lifted its stake 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 acquiring an additional 200 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $65.06 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The firm’s 50 day moving average is $69.42 and its two-hundred day moving average is $69.22. The firm has a market capitalization of $87.00 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.93 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (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 business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on MDLZ shares. Redburn Atlantic assumed coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Bank of America upped 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 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. 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 report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their target price on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.13.

Mondelez International 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.