Apollon Wealth Management LLC Has $2.16 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Apollon Wealth Management LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.2% during the third quarter, HoldingsChannel reports. The firm owned 29,304 shares of the company’s stock after selling 1,951 shares during the quarter. Apollon Wealth Management LLC’s holdings in Mondelez International were worth $2,159,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MDLZ. Vanguard Group Inc. grew its stake in shares of Mondelez International by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after buying an additional 6,696,897 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Mondelez International by 40.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after buying an additional 4,794,746 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after buying an additional 2,206,023 shares in the last quarter. Wulff Hansen & CO. raised its holdings in shares of Mondelez International by 6,311.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock worth $114,575,000 after purchasing an additional 1,723,537 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Mondelez International by 231.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock worth $118,101,000 after purchasing an additional 1,260,124 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Mondelez International stock opened at $66.00 on Thursday. The firm has a market capitalization of $88.25 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 3.00 and a beta of 0.55. The company’s 50-day moving average is $71.70 and its 200 day moving average is $69.67. Mondelez International, Inc. has a 1-year low of $64.18 and a 1-year high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates 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 was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. Research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on MDLZ. DA Davidson reduced their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Stifel Nicolaus increased their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Sanford C. Bernstein cut their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Evercore ISI increased 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. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.