Icon Wealth Advisors LLC Has $154,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Icon Wealth Advisors LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 96.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,088 shares of the company’s stock after selling 49,578 shares during the period. Icon Wealth Advisors LLC’s holdings in Mondelez International were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MDLZ. Mizuho Securities USA LLC boosted its stake in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after purchasing an additional 12,470,573 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares in the last quarter. Wulff Hansen & CO. boosted its stake 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 valued at $114,575,000 after purchasing an additional 1,723,537 shares in the last quarter. Renaissance Technologies LLC boosted its stake 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 valued at $118,101,000 after purchasing an additional 1,260,124 shares in the last quarter. Finally, Swedbank AB acquired a new stake in Mondelez International during the 1st quarter worth approximately $75,514,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.6 %

Mondelez International stock opened at $64.40 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12-month low of $63.40 and a 12-month high of $77.20. The firm’s fifty day moving average is $70.04 and its 200 day moving average is $69.33. The company has a market capitalization of $86.12 billion, a PE ratio of 22.84, a PEG ratio of 2.93 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter in the previous year, the company earned $0.82 EPS. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Piper Sandler lifted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Citigroup cut their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Stifel Nicolaus lifted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International 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.