Qsemble Capital Management LP Decreases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Qsemble Capital Management LP trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 33.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 34,501 shares of the company’s stock after selling 17,513 shares during the quarter. Qsemble Capital Management LP’s holdings in Mondelez International were worth $2,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Horizon Kinetics Asset Management LLC grew its stake in shares of Mondelez International by 7.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 16,429 shares of the company’s stock valued at $1,210,000 after acquiring an additional 1,112 shares during the period. Mirabella Financial Services LLP purchased a new stake in shares of Mondelez International during the third quarter worth about $5,611,000. Truvestments Capital LLC purchased a new position in Mondelez International in the 3rd quarter worth approximately $25,000. Harvest Fund Management Co. Ltd boosted its stake in Mondelez International by 51.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 61,531 shares of the company’s stock worth $4,532,000 after purchasing an additional 20,942 shares during the period. Finally, Douglass Winthrop Advisors LLC grew its holdings in Mondelez International by 11.8% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 12,280 shares of the company’s stock valued at $905,000 after buying an additional 1,300 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Up 0.8 %

NASDAQ:MDLZ opened at $64.94 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm has a 50-day simple moving average of $69.83 and a 200-day simple moving average of $69.29. Mondelez International, Inc. has a one year low of $63.40 and a one year high of $77.20. The firm has a market cap of $86.84 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.91 and a beta of 0.55.

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

Analyst Ratings Changes

A number of analysts have issued reports on MDLZ shares. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. Stifel Nicolaus lifted their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Citigroup reduced their target price 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 lowered their price target 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, Piper Sandler upped their price objective on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.