Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Baldwin Investment Management LLC

Baldwin Investment Management LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 20,676 shares of the company’s stock after selling 510 shares during the quarter. Baldwin Investment Management LLC’s holdings in Mondelez International were worth $1,523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Truvestments Capital LLC purchased a new position in shares of Mondelez International during the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC purchased a new position in shares of Mondelez International during the third quarter worth $27,000. Richardson Financial Services Inc. grew its stake in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International during the 2nd quarter worth about $26,000. Finally, Lynx Investment Advisory purchased a new position in Mondelez International during the 2nd quarter valued at about $27,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $64.88 on Wednesday. The company has a market capitalization of $86.76 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55. Mondelez International, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20. 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 stock has a 50 day moving average price of $69.62 and a 200 day moving average price of $69.24.

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 predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on MDLZ. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. JPMorgan Chase & Co. increased their target price 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. The Goldman Sachs Group began 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. Piper Sandler upped their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Citigroup decreased their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

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.