Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Lowered by Inscription Capital LLC

Inscription Capital LLC decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,706 shares of the company’s stock after selling 549 shares during the quarter. Inscription Capital LLC’s holdings in Mondelez International were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new position in shares of Mondelez International in the first quarter worth approximately $1,686,000. Duality Advisers LP acquired a new stake in Mondelez International during the 1st quarter valued at $4,528,000. BDF Gestion purchased a new stake in shares of Mondelez International in the second quarter valued at $6,690,000. M&G Plc acquired a new stake in shares of Mondelez International in the first quarter worth $12,010,000. Finally, Advisory Services Network LLC grew its holdings in shares of Mondelez International by 35.3% during the first quarter. Advisory Services Network LLC now owns 60,401 shares of the company’s stock valued at $4,228,000 after buying an additional 15,746 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.4 %

Shares of MDLZ stock opened at $69.54 on Tuesday. The stock’s 50 day simple moving average is $72.51 and its 200 day simple moving average is $69.73. Mondelez International, Inc. has a twelve month low of $64.18 and a twelve month high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The company has a market capitalization of $93.28 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.98 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results 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 company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same quarter last year, the firm posted $0.76 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays decreased their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Piper Sandler lowered their price objective on shares of Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Finally, Sanford C. Bernstein dropped their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.