Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.8% in the third quarter, HoldingsChannel reports. The firm owned 8,593 shares of the company’s stock after selling 628 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Mondelez International were worth $633,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research firms recently weighed in on MDLZ. Citigroup reduced their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Barclays cut their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. DA Davidson lowered their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. 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 investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Trading Up 0.0 %

Shares of MDLZ opened at $68.51 on Monday. The business’s 50-day moving average price is $72.35 and its 200 day moving average price is $69.81. The company has a current ratio of 0.63, a quick ratio of 0.50 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $91.52 billion, a P/E ratio of 24.29, a P/E/G ratio of 2.97 and a beta of 0.55. Mondelez International, Inc. has a 1-year low of $64.18 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $9.11 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

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.