FourThought Financial Partners LLC Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

FourThought Financial Partners LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,599 shares of the company’s stock after selling 148 shares during the quarter. FourThought Financial Partners LLC’s holdings in Mondelez International were worth $478,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Northern Trust Corp raised its stake in shares of Mondelez International by 1.8% during the third quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock worth $1,186,715,000 after buying an additional 303,965 shares during the last quarter. Invesco Ltd. boosted its position in Mondelez International by 9.2% during the third quarter. Invesco Ltd. now owns 7,721,800 shares of the company’s stock worth $535,893,000 after purchasing an additional 648,270 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Mondelez International by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,271,547 shares of the company’s stock worth $504,645,000 after purchasing an additional 69,381 shares during the period. California Public Employees Retirement System raised its stake in shares of Mondelez International by 7.8% during the fourth quarter. California Public Employees Retirement System now owns 6,235,276 shares of the company’s stock worth $451,621,000 after acquiring an additional 450,459 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its position in shares of Mondelez International by 1.1% in the 4th quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock worth $422,468,000 after purchasing an additional 62,595 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays cut their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Citigroup dropped their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Stock Down 0.8 %

Shares of NASDAQ:MDLZ traded down $0.58 on Monday, hitting $69.31. 1,645,951 shares of the company traded hands, compared to its average volume of 7,915,262. The company has a market cap of $93.32 billion, a PE ratio of 22.10, a PEG ratio of 2.47 and a beta of 0.55. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The stock has a 50 day simple moving average of $70.21 and a 200-day simple moving average of $71.01. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. As a group, research analysts expect that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

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.