Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the third quarter, HoldingsChannel.com reports. The fund owned 50,994 shares of the company’s stock after selling 916 shares during the period. Summit Trail Advisors LLC’s holdings in Mondelez International were worth $3,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International in the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International in the 2nd quarter valued at $27,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at $27,000. Richardson Financial Services Inc. increased its holdings in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mondelez International in the 2nd quarter valued at $29,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $64.40 on Friday. Mondelez International, Inc. has a one year low of $63.40 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The company’s fifty day moving average is $70.04 and its two-hundred day moving average is $69.33. The firm has a market capitalization of $86.12 billion, a P/E ratio of 22.84, a PEG ratio of 2.93 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDLZ has been the topic of several recent research reports. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Piper Sandler boosted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Citigroup dropped their price objective 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. Finally, Bank of America boosted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $80.31.

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.