Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by DRW Securities LLC

DRW Securities LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 51.2% during the third quarter, HoldingsChannel reports. The firm owned 3,375 shares of the company’s stock after selling 3,537 shares during the quarter. DRW Securities LLC’s holdings in Mondelez International were worth $247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MDLZ. Prospera Private Wealth LLC purchased a new position in Mondelez International in the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. boosted its stake in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International during the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International during the second quarter worth approximately $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International in the second quarter worth $29,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $65.06 on Thursday. Mondelez International, Inc. has a 12-month low of $63.40 and a 12-month high of $77.20. The company has a market cap of $87.00 billion, a PE ratio of 23.07, a P/E/G ratio of 2.93 and a beta of 0.55. The stock has a 50 day simple moving average of $69.42 and a 200-day simple moving average of $69.22. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion for 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 company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on MDLZ shares. DA Davidson decreased their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Bank of America boosted their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Evercore ISI upped their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. The Goldman Sachs Group started coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. Finally, Stifel Nicolaus lifted their price objective 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 research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.13.

About Mondelez International

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.