Pitcairn Co. Sells 2,688 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Pitcairn Co. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,378 shares of the company’s stock after selling 2,688 shares during the quarter. Pitcairn Co.’s holdings in Mondelez International were worth $3,638,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MDLZ. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. grew its position in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International during the 2nd quarter worth approximately $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International during the 2nd quarter worth approximately $29,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of several analyst reports. 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 report 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 report on Friday, October 25th. Bank of America increased their price target 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. Evercore ISI increased their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Citigroup reduced their price target 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. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Price Performance

MDLZ stock opened at $64.40 on Friday. The company has a fifty day moving average price of $70.04 and a 200-day moving average price of $69.34. The company has a market capitalization of $86.12 billion, a P/E ratio of 22.84, a PEG ratio of 2.93 and a beta of 0.55. Mondelez International, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20. 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 released its quarterly earnings results 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 firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 earnings per share. As a group, equities analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

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.