Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Taurus Asset Management LLC

Taurus Asset Management LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 271,076 shares of the company’s stock after selling 276 shares during the quarter. Mondelez International accounts for about 1.9% of Taurus Asset Management LLC’s investment portfolio, making the stock its 23rd biggest position. Taurus Asset Management LLC’s holdings in Mondelez International were worth $19,970,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Edgestream Partners L.P. grew its position in shares of Mondelez International by 43.4% during the first quarter. Edgestream Partners L.P. now owns 38,505 shares of the company’s stock worth $2,695,000 after buying an additional 11,660 shares in the last quarter. Jacobi Capital Management LLC increased its holdings in Mondelez International by 4.7% in the first quarter. Jacobi Capital Management LLC now owns 7,810 shares of the company’s stock valued at $547,000 after buying an additional 348 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Mondelez International by 35.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 241,207 shares of the company’s stock valued at $16,884,000 after buying an additional 62,511 shares in the last quarter. Seven Eight Capital LP lifted its holdings in Mondelez International by 278.3% during the 1st quarter. Seven Eight Capital LP now owns 22,638 shares of the company’s stock worth $1,585,000 after buying an additional 16,654 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC acquired a new position in shares of Mondelez International in the 1st quarter worth approximately $436,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Evercore ISI upped their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Wells Fargo & Company reduced their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Stifel Nicolaus lifted their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, DA Davidson cut their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $64.49 on Monday. Mondelez International, Inc. has a 1 year low of $63.91 and a 1 year high of $77.20. The firm has a market cap of $86.24 billion, a P/E ratio of 22.87, a PEG ratio of 2.91 and a beta of 0.55. The stock has a fifty day moving average price of $71.11 and a two-hundred day moving average price of $69.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) 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 firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. Research analysts forecast that Mondelez International, Inc. will post 3.48 EPS 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.