Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.5% in the third quarter, HoldingsChannel.com reports. The firm owned 949,676 shares of the company’s stock after selling 5,204 shares during the quarter. King Luther Capital Management Corp’s holdings in Mondelez International were worth $69,963,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Prospera Private Wealth LLC acquired a new position in Mondelez International in the 3rd quarter worth about $27,000. Richardson Financial Services Inc. increased its stake in Mondelez International by 100.0% during the 3rd 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. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory purchased a new stake in Mondelez International during the 2nd quarter worth approximately $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Mondelez International during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MDLZ. Evercore ISI boosted their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. The Goldman Sachs Group began coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Piper Sandler increased their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, DA Davidson lowered their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Stock Up 0.9 %

Shares of NASDAQ MDLZ opened at $64.42 on Thursday. The stock has a market cap of $86.14 billion, a P/E ratio of 22.84, a PEG ratio of 2.88 and a beta of 0.55. The business’s fifty day simple moving average is $70.45 and its 200-day simple moving average is $69.42. 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 $63.40 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. As a group, equities analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

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.