Mondelez International, Inc. $MDLZ Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,328 shares of the company’s stock after selling 950 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Mondelez International were worth $697,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MDLZ. Soundwatch Capital LLC acquired a new position in shares of Mondelez International during the second quarter worth about $27,000. Rossby Financial LCC boosted its stake in shares of Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after buying an additional 406 shares in the last quarter. Aspect Partners LLC raised its position in Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after acquiring an additional 305 shares in the last quarter. Financial Connections Group Inc. purchased a new stake in shares of Mondelez International during the 2nd quarter worth $33,000. Finally, Saudi Central Bank acquired a new position in shares of Mondelez International during the 1st quarter worth $36,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Zacks Research downgraded shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. UBS Group lowered their price target on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada lowered their target price on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.32.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $56.19 on Tuesday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15. The firm has a market cap of $72.51 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42. The company’s 50-day moving average is $60.13 and its two-hundred day moving average is $63.62. The company has a current ratio of 0.61, a quick ratio of 0.39 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. The business had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. Research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

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.