Icon Wealth Advisors LLC Sells 49,578 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Icon Wealth Advisors LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 96.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,088 shares of the company’s stock after selling 49,578 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Mondelez International were worth $154,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International in the third quarter valued at approximately $27,000. Richardson Financial Services Inc. boosted its holdings 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 valued at $28,000 after buying an additional 200 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International in the second quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International in the second quarter valued at approximately $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International in the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. 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. Bank of America increased their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. DA Davidson reduced their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price for the company. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $64.40 on Monday. The stock has a market cap of $86.12 billion, a P/E ratio of 22.84, a P/E/G ratio of 2.93 and a beta of 0.55. The company has a fifty day moving average price of $70.04 and a two-hundred day moving average price of $69.33. Mondelez International, Inc. has a one year low of $63.40 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

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

About Mondelez International

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.