Pathstone Holdings LLC Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Pathstone Holdings LLC cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 195,477 shares of the company’s stock after selling 23,403 shares during the period. Pathstone Holdings LLC’s holdings in Mondelez International were worth $11,682,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $1,118,755,000. Capital Research Global Investors boosted its position in shares of Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $256,832,000. Van ECK Associates Corp raised its stake in Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after buying an additional 3,282,937 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock valued at $820,337,000 after buying an additional 2,002,640 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. DA Davidson cut Mondelez International from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. Piper Sandler lifted their price objective on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 9th. Wells Fargo & Company lifted their price objective on Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 2nd. The Goldman Sachs Group lowered their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Stifel Nicolaus lifted their price objective on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.55.

Mondelez International Stock Up 2.5%

Mondelez International stock opened at $65.14 on Friday. The stock has a market cap of $84.34 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a fifty day moving average of $66.20 and a 200 day moving average of $63.44.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Mondelez International’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

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.