First Business Financial Services Inc. Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

First Business Financial Services Inc. trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,060 shares of the company’s stock after selling 442 shares during the quarter. First Business Financial Services Inc.’s holdings in Mondelez International were worth $962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. BDF Gestion purchased a new stake in shares of Mondelez International in the 2nd quarter valued at $6,690,000. M&G Plc purchased a new position in shares of Mondelez International during the first quarter valued at approximately $12,010,000. Strategic Wealth Investment Group LLC increased its position in Mondelez International by 40.4% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock valued at $10,187,000 after purchasing an additional 40,154 shares during the period. Buckingham Capital Management Inc. raised its stake in Mondelez International by 1,554.4% in the third quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock worth $5,483,000 after buying an additional 69,934 shares in the last quarter. Finally, Czech National Bank raised its position in shares of Mondelez International by 6.5% in the 3rd quarter. Czech National Bank now owns 272,116 shares of the company’s stock worth $20,047,000 after acquiring an additional 16,507 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on MDLZ. Barclays lowered their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Citigroup reduced their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Evercore ISI lifted their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $65.56 on Friday. The business’s 50 day moving average price is $71.52 and its 200-day moving average price is $69.64. Mondelez International, Inc. has a fifty-two week low of $64.18 and a fifty-two week high of $77.20. The company has a market cap of $87.67 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.98 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (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 during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current 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.