Heritage Investors Management Corp Sells 3,895 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Heritage Investors Management Corp lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,315 shares of the company’s stock after selling 3,895 shares during the quarter. Heritage Investors Management Corp’s holdings in Mondelez International were worth $10,042,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on MDLZ shares. Piper Sandler lifted their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Citigroup decreased their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, Redburn Atlantic started coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Price Performance

MDLZ traded up $0.19 during trading hours on Tuesday, hitting $68.55. The company’s stock had a trading volume of 171,190 shares, compared to its average volume of 6,747,955. The business’s 50-day moving average price is $72.28 and its 200-day moving average price is $69.82. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12 month low of $64.18 and a 12 month high of $77.20. The stock has a market cap of $91.57 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 2.94 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. Sell-side analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal 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.