Mondelez International, Inc. $MDLZ Shares Sold by Spire Wealth Management

Spire Wealth Management decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 26.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,061 shares of the company’s stock after selling 4,602 shares during the quarter. Spire Wealth Management’s holdings in Mondelez International were worth $881,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Abound Financial LLC acquired a new stake in shares of Mondelez International during the first quarter worth about $25,000. Rossby Financial LCC lifted its holdings in shares of Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares during the period. North Capital Inc. acquired a new stake in shares of Mondelez International during the first quarter worth about $31,000. Financial Connections Group Inc. acquired a new stake in shares of Mondelez International during the second quarter worth about $33,000. Finally, Saudi Central Bank acquired a new stake in shares of Mondelez International during the first quarter worth about $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.6%

Mondelez International stock opened at $57.46 on Friday. The stock has a market capitalization of $74.35 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 5.34 and a beta of 0.45. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15. The business has a 50 day simple moving average of $61.83 and a 200-day simple moving average of $64.84. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Analyst Ratings Changes

MDLZ has been the subject of several recent research reports. Sanford C. Bernstein reduced their price target on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Evercore ISI reduced their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Wells Fargo & Company reduced their price target on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.68.

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.