Captrust Financial Advisors Cuts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Captrust Financial Advisors lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,745 shares of the company’s stock after selling 1,638 shares during the quarter. Captrust Financial Advisors’ holdings in Mondelez International were worth $13,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Axiom Advisory LLC grew its holdings in Mondelez International by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after acquiring an additional 143 shares in the last quarter. Sachetta LLC boosted its stake in shares of Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after purchasing an additional 149 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after buying an additional 150 shares during the period. Carnegie Investment Counsel raised its stake in Mondelez International by 1.4% in the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after buying an additional 151 shares in the last quarter. Finally, Pure Financial Advisors LLC lifted its holdings in Mondelez International by 4.1% during the second quarter. Pure Financial Advisors LLC now owns 3,853 shares of the company’s stock worth $252,000 after buying an additional 153 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $64.95 on Monday. Mondelez International, Inc. has a twelve month low of $63.40 and a twelve month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a market cap of $86.85 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55. The company’s 50 day moving average is $69.04 and its 200 day moving average is $69.10.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the company posted $0.82 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MDLZ. Piper Sandler lifted their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Evercore ISI boosted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Bank of America increased their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company cut their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $79.93.

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.