Brooklyn Investment Group Sells 189 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Brooklyn Investment Group cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% during the third quarter, HoldingsChannel.com reports. The firm owned 8,768 shares of the company’s stock after selling 189 shares during the quarter. Brooklyn Investment Group’s holdings in Mondelez International were worth $646,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MDLZ. Prospector Partners LLC boosted its position in shares of Mondelez International by 0.4% in the 3rd quarter. Prospector Partners LLC now owns 228,641 shares of the company’s stock worth $16,844,000 after purchasing an additional 971 shares during the last quarter. FMR LLC raised its holdings in Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Dai ichi Life Insurance Company Ltd boosted its position in shares of Mondelez International by 22.8% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 296,385 shares of the company’s stock worth $21,835,000 after purchasing an additional 54,951 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its holdings in shares of Mondelez International by 7.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 16,429 shares of the company’s stock valued at $1,210,000 after buying an additional 1,112 shares during the period. Finally, Mirabella Financial Services LLP acquired a new position in Mondelez International in the third quarter valued at about $5,611,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.8 %

Shares of MDLZ stock opened at $64.94 on Tuesday. The company has a market capitalization of $86.84 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12-month low of $63.40 and a 12-month high of $77.20. The firm has a 50 day moving average price of $69.83 and a two-hundred day moving average price of $69.29.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. Mondelez International’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MDLZ shares. Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Citigroup dropped 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. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Evercore ISI lifted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Wells Fargo & Company reduced their price target on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.31.

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.