Beacon Pointe Advisors LLC Lowers Position in Mondelez International, Inc. $MDLZ

Beacon Pointe Advisors LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,911 shares of the company’s stock after selling 6,594 shares during the period. Beacon Pointe Advisors LLC’s holdings in Mondelez International were worth $18,742,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Hemington Wealth Management raised its stake in shares of Mondelez International by 11.4% during the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock worth $103,000 after purchasing an additional 156 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in Mondelez International by 37.2% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after purchasing an additional 163 shares during the period. Enterprise Bank & Trust Co increased its stake in shares of Mondelez International by 0.7% in the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after purchasing an additional 170 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its stake in shares of Mondelez International by 4.9% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock worth $250,000 after purchasing an additional 175 shares in the last quarter. Finally, RMR Wealth Builders raised its position in shares of Mondelez International by 3.6% in the second quarter. RMR Wealth Builders now owns 5,079 shares of the company’s stock valued at $343,000 after purchasing an additional 176 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MDLZ shares. Barclays cut their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Sanford C. Bernstein cut their target price on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Wells Fargo & Company dropped their price target on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Finally, Morgan Stanley reduced their price objective on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $68.32.

Mondelez International Stock Down 2.0%

MDLZ opened at $56.40 on Tuesday. The company has a market cap of $72.78 billion, a P/E ratio of 21.12, a P/E/G ratio of 5.34 and a beta of 0.42. The business’s 50-day moving average price is $59.50 and its 200-day moving average price is $63.34. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The company had revenue of $7.30 billion during the quarter. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 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.