KCM Investment Advisors LLC Trims Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

KCM Investment Advisors LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,403 shares of the company’s stock after selling 175 shares during the period. KCM Investment Advisors LLC’s holdings in Mondelez International were worth $840,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MDLZ. Axiom Advisory LLC boosted its position in Mondelez International by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after acquiring an additional 143 shares in the last quarter. Cadence Bank boosted its position in shares of Mondelez International by 1.3% in the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after purchasing an additional 148 shares in the last quarter. Evermay Wealth Management LLC boosted its position in shares of Mondelez International by 2.6% in the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after purchasing an additional 149 shares in the last quarter. Sachetta LLC boosted its position in shares of Mondelez International by 14.0% in the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after purchasing an additional 149 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ opened at $64.49 on Friday. The firm has a market cap of $86.24 billion, a PE ratio of 22.87, a P/E/G ratio of 2.98 and a beta of 0.55. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $71.11 and a two-hundred day simple moving average of $69.56. Mondelez International, Inc. has a 1-year low of $63.91 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. On average, equities analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. DA Davidson dropped their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Wells Fargo & Company dropped their price target on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock 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 stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group initiated coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.