Qsemble Capital Management LP Sells 17,513 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Qsemble Capital Management LP decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 33.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,501 shares of the company’s stock after selling 17,513 shares during the quarter. Qsemble Capital Management LP’s holdings in Mondelez International were worth $2,542,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MDLZ. Horizon Kinetics Asset Management LLC boosted its position in shares of Mondelez International by 7.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 16,429 shares of the company’s stock valued at $1,210,000 after acquiring an additional 1,112 shares during the period. Mirabella Financial Services LLP acquired a new stake in Mondelez International in the 3rd quarter worth $5,611,000. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter worth about $25,000. Harvest Fund Management Co. Ltd raised its position in shares of Mondelez International by 51.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 61,531 shares of the company’s stock valued at $4,532,000 after buying an additional 20,942 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its stake in shares of Mondelez International by 11.8% in the third quarter. Douglass Winthrop Advisors LLC now owns 12,280 shares of the company’s stock valued at $905,000 after buying an additional 1,300 shares during the period. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Evercore ISI lifted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Piper Sandler increased their price target on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Citigroup dropped their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, 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 report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Price Performance

Mondelez International stock opened at $64.94 on Tuesday. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The stock has a market cap of $86.84 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.91 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The business has a 50-day simple moving average of $69.83 and a 200 day simple moving average of $69.29.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s quarterly 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 earnings per share. On average, research analysts forecast 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.