Tower Bridge Advisors Sells 2,311 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Tower Bridge Advisors trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,408 shares of the company’s stock after selling 2,311 shares during the period. Tower Bridge Advisors’ holdings in Mondelez International were worth $5,040,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MDLZ. Atlanta Consulting Group Advisors LLC increased its holdings in Mondelez International by 3.4% during the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 6,450 shares of the company’s stock valued at $475,000 after purchasing an additional 215 shares during the period. RIA Advisory Group LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $905,000. Natixis Advisors LLC increased its stake in shares of Mondelez International by 12.2% during the third quarter. Natixis Advisors LLC now owns 1,326,627 shares of the company’s stock valued at $97,733,000 after buying an additional 144,160 shares during the period. Mizuho Securities USA LLC increased its stake in shares of Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after buying an additional 12,470,573 shares during the period. Finally, Coastline Trust Co bought a new position in shares of Mondelez International during the third quarter valued at approximately $94,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on MDLZ. Evercore ISI lifted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Citigroup cut their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Piper Sandler upped their target price on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $64.49 on Friday. The business has a fifty day moving average price of $71.11 and a 200-day moving average price of $69.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The company has a market capitalization of $86.24 billion, a PE ratio of 22.87, a PEG ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a 1-year low of $63.91 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 EPS. As a group, equities analysts expect 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.