Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 89.2% during the 4th quarter, Holdings Channel reports. The firm owned 8,423 shares of the company’s stock after selling 69,609 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Mondelez International were worth $515,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Toronto Dominion Bank grew its position in shares of Mondelez International by 3.1% in the fourth quarter. Toronto Dominion Bank now owns 758,826 shares of the company’s stock valued at $45,325,000 after purchasing an additional 22,715 shares during the last quarter. Shell Asset Management Co. grew its position in shares of Mondelez International by 124.5% in the fourth quarter. Shell Asset Management Co. now owns 7,854 shares of the company’s stock valued at $469,000 after purchasing an additional 4,355 shares during the last quarter. Royal Bank of Canada grew its position in shares of Mondelez International by 5.6% in the fourth quarter. Royal Bank of Canada now owns 4,592,102 shares of the company’s stock valued at $274,288,000 after purchasing an additional 242,056 shares during the last quarter. Rafferty Asset Management LLC grew its position in shares of Mondelez International by 27.3% in the fourth quarter. Rafferty Asset Management LLC now owns 332,454 shares of the company’s stock valued at $19,857,000 after purchasing an additional 71,345 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $1,124,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $65.32 on Monday. The company’s fifty day simple moving average is $66.15 and its 200-day simple moving average is $63.33. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a market cap of $84.58 billion, a PE ratio of 19.10, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter last year, the firm posted $0.93 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. UBS Group raised their target price on shares of Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Morgan Stanley raised their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Evercore ISI raised their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.55.

Mondelez International Company 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.