Banque Cantonale Vaudoise Sells 26,991 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Banque Cantonale Vaudoise decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 61.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,129 shares of the company’s stock after selling 26,991 shares during the period. Banque Cantonale Vaudoise’s holdings in Mondelez International were worth $1,262,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Axiom Advisory LLC boosted its stake in shares of Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after acquiring an additional 143 shares during the period. Cadence Bank boosted its stake in Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock valued at $804,000 after buying an additional 148 shares during the last quarter. Sachetta LLC boosted its stake in Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after buying an additional 149 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its stake in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after buying an additional 150 shares during the last quarter. Finally, Carnegie Investment Counsel boosted its stake in Mondelez International by 1.4% during the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after buying an additional 151 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on MDLZ shares. Piper Sandler increased their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their price target on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, DA Davidson decreased their price objective 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. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Trading Up 0.9 %

Shares of NASDAQ MDLZ opened at $64.42 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The business’s 50 day moving average price is $70.45 and its 200-day moving average price is $69.42. Mondelez International, Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $77.20. The company has a market cap of $86.14 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 2.91 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $9.11 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, sell-side analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current 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.