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

Northeast Investment Management trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,537 shares of the company’s stock after selling 4,679 shares during the period. Northeast Investment Management’s holdings in Mondelez International were worth $4,386,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Citizens National Bank Trust Department raised its position in shares of Mondelez International by 0.5% during the 3rd quarter. Citizens National Bank Trust Department now owns 33,415 shares of the company’s stock worth $2,462,000 after purchasing an additional 165 shares during the last quarter. Blue Square Asset Management LLC raised its position in shares of Mondelez International by 2.3% during the 3rd quarter. Blue Square Asset Management LLC now owns 21,144 shares of the company’s stock worth $1,558,000 after purchasing an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI raised its position in shares of Mondelez International by 2.1% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 64,664 shares of the company’s stock worth $4,764,000 after purchasing an additional 1,314 shares during the last quarter. Argonautica Private Wealth Management Inc. raised its position in shares of Mondelez International by 1.1% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 42,223 shares of the company’s stock worth $3,111,000 after purchasing an additional 448 shares during the last quarter. Finally, AM Investment Strategies LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth approximately $506,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MDLZ. Piper Sandler lifted 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. Redburn Atlantic began coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. Stifel Nicolaus lifted their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Citigroup lowered their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group began coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Stock Up 0.0 %

Shares of Mondelez International stock opened at $68.51 on Monday. Mondelez International, Inc. has a twelve month low of $64.18 and a twelve month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.50 and a debt-to-equity ratio of 0.59. The stock has a market cap of $91.52 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 2.97 and a beta of 0.55. The company has a fifty day moving average price of $72.35 and a 200 day moving average price of $69.81.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the previous year, the business posted $0.82 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share 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.