Farr Miller & Washington LLC DC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 19.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 721,091 shares of the company’s stock after selling 178,761 shares during the period. Mondelez International comprises 3.6% of Farr Miller & Washington LLC DC’s holdings, making the stock its 7th biggest holding. Farr Miller & Washington LLC DC’s holdings in Mondelez International were worth $41,427,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. National Asset Management Inc. lifted its holdings in Mondelez International by 4.7% in the third quarter. National Asset Management Inc. now owns 37,710 shares of the company’s stock worth $2,140,000 after buying an additional 1,689 shares during the period. Norinchukin Bank The grew its position in shares of Mondelez International by 3.1% during the third quarter. Norinchukin Bank The now owns 127,108 shares of the company’s stock worth $7,302,000 after buying an additional 3,813 shares in the last quarter. Zhang Financial LLC grew its position in shares of Mondelez International by 2.2% during the third quarter. Zhang Financial LLC now owns 9,353 shares of the company’s stock worth $537,000 after buying an additional 200 shares in the last quarter. Moloney Securities Asset Management LLC grew its position in shares of Mondelez International by 27.9% during the third quarter. Moloney Securities Asset Management LLC now owns 9,101 shares of the company’s stock worth $523,000 after buying an additional 1,988 shares in the last quarter. Finally, Gofen & Glossberg LLC IL grew its position in shares of Mondelez International by 0.8% during the third quarter. Gofen & Glossberg LLC IL now owns 623,379 shares of the company’s stock worth $35,813,000 after buying an additional 4,678 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.
A number of analysts have recently weighed in on MDLZ shares. UBS Group raised their price target on shares of Mondelez International from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. raised their price objective on Mondelez International from $62.00 to $66.00 in a research note on Tuesday, November 17th. Smith Barney Citigroup initiated coverage on Mondelez International in a research note on Wednesday, November 18th. They set a “buy” rating and a $68.00 price objective on the stock. Piper Sandler raised their price objective on Mondelez International from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 23rd. Finally, Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating and set a $58.00 price objective on the stock. in a research note on Thursday, November 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $63.00.
Shares of MDLZ opened at $57.20 on Monday. The firm has a market capitalization of $82.18 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 3.10 and a beta of 0.59. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.36 and a current ratio of 0.74. Mondelez International, Inc. has a one year low of $41.19 and a one year high of $59.96. The stock’s fifty day moving average is $56.68 and its 200-day moving average is $54.74.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.48 billion. Mondelez International had a return on equity of 13.92% and a net margin of 11.99%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. Analysts forecast that Mondelez International, Inc. will post 2.59 EPS for the current fiscal year.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
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