NorthRock Partners LLC Trims Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

NorthRock Partners LLC lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.0% in the third quarter, Holdings Channel reports. The firm owned 208,364 shares of the company’s stock after selling 33,785 shares during the quarter. Mondelez International accounts for 1.3% of NorthRock Partners LLC’s investment portfolio, making the stock its 17th biggest holding. NorthRock Partners LLC’s holdings in Mondelez International were worth $15,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of MDLZ. Richardson Financial Services Inc. increased its position in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International during the second quarter worth approximately $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International during the second quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mondelez International in the 2nd quarter valued at $29,000. Finally, Highline Wealth Partners LLC purchased a new position in Mondelez International in the 3rd quarter valued at $38,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Citigroup reduced their price objective 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. Redburn Atlantic started coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Bank of America raised their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Barclays dropped their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Price Performance

Shares of Mondelez International stock traded up $0.28 during trading on Tuesday, hitting $68.64. 160,040 shares of the company were exchanged, compared to its average volume of 6,748,173. 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 quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average price of $72.28 and a 200 day moving average price of $69.82. The stock has a market capitalization of $91.69 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 2.94 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

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.