KCM Investment Advisors LLC Trims Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

KCM Investment Advisors LLC trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 11,403 shares of the company’s stock after selling 175 shares during the period. KCM Investment Advisors LLC’s holdings in Mondelez International were worth $840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Axiom Advisory LLC increased its stake in shares of Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after purchasing an additional 143 shares in the last quarter. Cadence Bank increased its stake in Mondelez International by 1.3% in the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after buying an additional 148 shares in the last quarter. Evermay Wealth Management LLC increased its stake in Mondelez International by 2.6% in the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after buying an additional 149 shares in the last quarter. Sachetta LLC increased its stake in Mondelez International by 14.0% in the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after buying an additional 149 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after buying an additional 150 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Down 1.6 %

Shares of NASDAQ:MDLZ opened at $64.49 on Friday. 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 $63.91 and a 12 month high of $77.20. The company has a 50-day moving average price of $71.11 and a 200 day moving average price of $69.56. The company has a market cap of $86.24 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 2.98 and a beta of 0.55.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MDLZ. DA Davidson cut their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Evercore ISI increased their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Citigroup cut their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

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.