PBMares Wealth Management LLC Reduces Position in Mondelez International, Inc. (NASDAQ:MDLZ)

PBMares Wealth Management LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,735 shares of the company’s stock after selling 398 shares during the quarter. PBMares Wealth Management LLC’s holdings in Mondelez International were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Diversify Advisory Services LLC raised its holdings in shares of Mondelez International by 5.7% in the third quarter. Diversify Advisory Services LLC now owns 22,998 shares of the company’s stock valued at $1,641,000 after buying an additional 1,231 shares during the last quarter. Fortitude Family Office LLC grew its holdings in shares of Mondelez International by 416.9% during the third quarter. Fortitude Family Office LLC now owns 1,654 shares of the company’s stock worth $122,000 after buying an additional 1,334 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its position in Mondelez International by 110.1% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 16,943 shares of the company’s stock valued at $1,256,000 after acquiring an additional 8,878 shares during the period. Boston Financial Mangement LLC raised its stake in Mondelez International by 3.8% during the 3rd quarter. Boston Financial Mangement LLC now owns 45,515 shares of the company’s stock valued at $3,353,000 after acquiring an additional 1,662 shares during the last quarter. Finally, abrdn plc lifted its position in Mondelez International by 13.9% during the 3rd quarter. abrdn plc now owns 870,892 shares of the company’s stock worth $63,998,000 after acquiring an additional 106,206 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the subject of a number of analyst reports. Piper Sandler cut their price objective on shares of Mondelez International from $76.00 to $74.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Citigroup increased their price target on shares of Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group began coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective on the stock. Evercore ISI increased their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $79.35.

Mondelez International Trading Up 0.0 %

NASDAQ:MDLZ traded up $0.02 during mid-day trading on Tuesday, reaching $69.56. The company’s stock had a trading volume of 666,328 shares, compared to its average volume of 6,728,948. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The stock has a market cap of $93.30 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.98 and a beta of 0.54. The company’s fifty day simple moving average is $72.51 and its two-hundred day simple moving average is $69.73. Mondelez International, Inc. has a twelve month low of $64.18 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter last year, the firm posted $0.76 earnings per share. Mondelez International’s revenue was down 1.9% on a year-over-year basis. On average, equities analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

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.