Summit Trail Advisors LLC Sells 916 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Summit Trail Advisors LLC lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,994 shares of the company’s stock after selling 916 shares during the quarter. Summit Trail Advisors LLC’s holdings in Mondelez International were worth $3,781,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MDLZ. Axiom Advisory LLC boosted its stake in Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares during the period. Sachetta LLC boosted its stake in Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after buying an additional 149 shares during the period. Hazlett Burt & Watson Inc. boosted its stake in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after buying an additional 150 shares during the period. Carnegie Investment Counsel boosted its stake in Mondelez International by 1.4% during the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after buying an additional 151 shares during the period. Finally, Global Financial Private Client LLC boosted its stake in Mondelez International by 8.4% during the first quarter. Global Financial Private Client LLC now owns 1,966 shares of the company’s stock worth $137,000 after buying an additional 153 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.6 %

MDLZ stock opened at $64.40 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a twelve month low of $63.40 and a twelve month high of $77.20. The company’s 50 day moving average is $70.04 and its two-hundred day moving average is $69.33. The stock has a market cap 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 (NASDAQ:MDLZ) last released its quarterly earnings data 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 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 analysts’ expectations of $9.11 billion. During the same quarter last year, the company earned $0.82 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MDLZ shares. Citigroup lowered their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Evercore ISI raised their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, DA Davidson lowered 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 note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.31.

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.