Bay Colony Advisory Group Inc d b a Bay Colony Advisors Trims Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 19.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,627 shares of the company’s stock after selling 1,554 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Mondelez International were worth $488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Richardson Financial Services Inc. increased its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Mondelez International in the 2nd quarter worth approximately $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International in the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Mondelez International in the 2nd quarter worth approximately $29,000. Finally, ESL Trust Services LLC acquired a new stake in shares of Mondelez International in the 1st quarter worth approximately $38,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $69.54 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average price is $72.51 and its two-hundred day moving average price is $69.73. Mondelez International, Inc. has a 52-week low of $64.18 and a 52-week high of $77.20. The stock has a market capitalization of $93.28 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.98 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same quarter last year, the business earned $0.76 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MDLZ shares. Stifel Nicolaus upped their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. upped their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. DA Davidson reduced their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Evercore ISI increased their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.35.

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.