Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Belmont Capital LLC

Belmont Capital LLC lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 52.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,072 shares of the company’s stock after selling 7,807 shares during the quarter. Belmont Capital LLC’s holdings in Mondelez International were worth $521,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Richardson Financial Services Inc. raised its stake in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Mondelez International during the second quarter worth about $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International in the 2nd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Mondelez International in the 2nd quarter valued at about $29,000. Finally, Highline Wealth Partners LLC purchased a new position in Mondelez International during the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of research reports. Citigroup lowered their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. DA Davidson dropped their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Bank of America upped their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus raised their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Piper Sandler boosted their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Stock Down 1.0 %

MDLZ stock opened at $63.84 on Tuesday. Mondelez International, Inc. has a 52 week low of $63.72 and a 52 week high of $77.20. 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 company has a market cap of $85.37 billion, a P/E ratio of 22.64, a P/E/G ratio of 2.91 and a beta of 0.55. The company’s 50-day moving average price is $70.87 and its 200 day moving average price is $69.49.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results 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. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

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.