Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 173 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,474 shares of the company’s stock after selling 173 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Mondelez International were worth $1,362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International in the second quarter worth approximately $26,000. Lynx Investment Advisory purchased a new position in Mondelez International in the 2nd quarter valued at approximately $27,000. Richardson Financial Services Inc. boosted its holdings 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 purchasing an additional 200 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International in the 2nd quarter valued at $29,000. Finally, ESL Trust Services LLC bought a new stake in shares of Mondelez International during the 1st quarter worth $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 0.9 %

Shares of Mondelez International stock opened at $69.79 on Thursday. The firm’s 50 day moving average price is $72.45 and its 200-day moving average price is $69.75. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52-week low of $64.18 and a 52-week high of $77.20. The company has a market cap of $93.23 billion, a P/E ratio of 23.98, a PEG ratio of 2.98 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Redburn Atlantic assumed coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Evercore ISI boosted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Stifel Nicolaus upped their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Sanford C. Bernstein lowered their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.94.

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.