Jmac Enterprises LLC Has $1.05 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Jmac Enterprises LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.5% in the third quarter, Holdings Channel reports. The fund owned 14,225 shares of the company’s stock after selling 1,500 shares during the quarter. Jmac Enterprises LLC’s holdings in Mondelez International were worth $1,048,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MDLZ. Duality Advisers LP bought a new position in shares of Mondelez International during the first quarter worth about $4,528,000. BDF Gestion bought a new stake in shares of Mondelez International in the 2nd quarter valued at $6,690,000. M&G Plc acquired a new stake in shares of Mondelez International during the first quarter worth $12,010,000. Advisory Services Network LLC raised its stake in Mondelez International by 35.3% during the first quarter. Advisory Services Network LLC now owns 60,401 shares of the company’s stock worth $4,228,000 after buying an additional 15,746 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Mondelez International by 15.8% in the first quarter. Sei Investments Co. now owns 802,791 shares of the company’s stock valued at $56,195,000 after buying an additional 109,457 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $66.23 on Thursday. 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 firm has a market cap of $88.47 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 2.94 and a beta of 0.55. Mondelez International, Inc. has a 52 week low of $64.18 and a 52 week high of $77.20. The firm’s 50-day simple moving average is $72.14 and its two-hundred day simple moving average is $69.80.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results 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 company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter last year, the business posted $0.82 EPS. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Citigroup lowered their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Piper Sandler boosted their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. DA Davidson reduced their price objective 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. Wells Fargo & Company dropped their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International has a consensus 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.