Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Trimmed by Aureus Asset Management LLC

Aureus Asset Management LLC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 96,319 shares of the company’s stock after selling 882 shares during the period. Aureus Asset Management LLC’s holdings in Mondelez International were worth $7,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Axiom Advisory LLC grew its stake in Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares during the last quarter. Sachetta LLC grew its stake in Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after buying an additional 149 shares during the last quarter. Hazlett Burt & Watson Inc. grew 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 worth $78,000 after buying an additional 150 shares during the last quarter. Carnegie Investment Counsel grew 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 worth $811,000 after buying an additional 151 shares during the last quarter. Finally, Pure Financial Advisors LLC grew its stake in Mondelez International by 4.1% during the second quarter. Pure Financial Advisors LLC now owns 3,853 shares of the company’s stock worth $252,000 after buying an additional 153 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.2 %

Shares of NASDAQ MDLZ opened at $64.95 on Monday. The company’s 50 day simple moving average is $69.04 and its 200 day simple moving average is $69.10. Mondelez International, Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $77.20. The firm has a market capitalization of $86.85 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.93 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the business posted $0.82 earnings per share. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MDLZ. Wells Fargo & Company decreased their price objective 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. Bank of America upped their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Citigroup reduced 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. Evercore ISI upped their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.93.

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.