Pathstone Holdings LLC Has $16.13 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Pathstone Holdings LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,880 shares of the company’s stock after selling 1,789 shares during the quarter. Pathstone Holdings LLC’s holdings in Mondelez International were worth $16,131,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. St. Louis Trust Co acquired a new position in shares of Mondelez International during the third quarter valued at about $200,000. Aviance Capital Partners LLC bought a new position in Mondelez International during the third quarter valued at about $203,000. Baron Wealth Management LLC acquired a new position in Mondelez International in the 3rd quarter valued at approximately $212,000. Drive Wealth Management LLC lifted its position in shares of Mondelez International by 9.4% in the 3rd quarter. Drive Wealth Management LLC now owns 5,953 shares of the company’s stock worth $441,000 after acquiring an additional 513 shares during the period. Finally, Capital City Trust Co. FL lifted its position in shares of Mondelez International by 5.5% in the 3rd quarter. Capital City Trust Co. FL now owns 8,262 shares of the company’s stock worth $609,000 after acquiring an additional 428 shares during the period. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of recent research reports. Stifel Nicolaus upped their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI raised their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Finally, Wells Fargo & Company lowered their price objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Stock Up 0.0 %

Shares of NASDAQ MDLZ opened at $63.87 on Wednesday. Mondelez International, Inc. has a 12-month low of $63.40 and a 12-month high of $77.20. The firm’s 50-day simple moving average is $70.65 and its 200 day simple moving average is $69.45. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market cap of $85.41 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55.

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, topping analysts’ consensus estimates 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%. Mondelez International’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 earnings per share. On average, research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share 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.