Mondelez International, Inc. $MDLZ Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,371 shares of the company’s stock after selling 2,889 shares during the period. Wedbush Securities Inc.’s holdings in Mondelez International were worth $1,711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. AlphaStar Capital Management LLC bought a new stake in Mondelez International in the second quarter worth approximately $1,336,000. GAMMA Investing LLC lifted its stake in shares of Mondelez International by 43.2% in the 2nd quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock valued at $1,769,000 after purchasing an additional 7,914 shares during the last quarter. Canopy Partners LLC lifted its stake in shares of Mondelez International by 20.7% in the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock valued at $1,140,000 after purchasing an additional 2,876 shares during the last quarter. TCW Group Inc. increased its position in Mondelez International by 1.1% during the first quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock worth $6,679,000 after buying an additional 1,075 shares during the last quarter. Finally, Ground Swell Capital LLC bought a new position in Mondelez International during the first quarter valued at about $392,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $57.18 on Friday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15. The company has a market cap of $73.99 billion, a P/E ratio of 21.42, a P/E/G ratio of 5.34 and a beta of 0.42. The business’s 50 day moving average is $61.31 and its two-hundred day moving average is $64.45. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65.

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

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent analyst reports. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Thursday, October 2nd. Sanford C. Bernstein reduced their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Mizuho lowered their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, October 28th. DZ Bank raised shares of Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.68.

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.