Jmac Enterprises LLC Sells 1,500 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Jmac Enterprises LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,225 shares of the company’s stock after selling 1,500 shares during the quarter. Jmac Enterprises LLC’s holdings in Mondelez International were worth $1,048,000 at the end of the most recent quarter.

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

Mondelez International Trading Down 0.2 %

MDLZ stock opened at $66.23 on Thursday. The company’s 50-day simple moving average is $72.14 and its 200 day simple moving average is $69.80. Mondelez International, Inc. has a 52 week low of $64.18 and a 52 week high of $77.20. The company has a market capitalization of $88.47 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 2.94 and a beta of 0.55. 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 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 the consensus estimate 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 period in the prior year, the company posted $0.82 EPS. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MDLZ. Redburn Atlantic assumed coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Wells Fargo & Company cut 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 note on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. The Goldman Sachs Group began coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Finally, Bank of America lifted their price objective 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. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $80.31.

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.