CW Advisors LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 11.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 161,695 shares of the company’s stock after selling 21,705 shares during the period. CW Advisors LLC’s holdings in Mondelez International were worth $10,905,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Hemington Wealth Management boosted its holdings in Mondelez International by 11.4% in the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after purchasing an additional 156 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its position in Mondelez International by 37.2% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares in the last quarter. Enterprise Bank & Trust Co raised its position in Mondelez International by 0.7% in the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock valued at $1,616,000 after purchasing an additional 170 shares in the last quarter. Relyea Zuckerberg Hanson LLC boosted its stake in shares of Mondelez International by 4.9% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock valued at $250,000 after buying an additional 175 shares during the period. Finally, RMR Wealth Builders grew its position in shares of Mondelez International by 3.6% during the second quarter. RMR Wealth Builders now owns 5,079 shares of the company’s stock worth $343,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.
Mondelez International Stock Down 0.4%
MDLZ stock opened at $55.80 on Friday. The company has a market cap of $72.00 billion, a price-to-earnings ratio of 20.90 and a beta of 0.39. The company has a fifty day moving average price of $59.04 and a 200 day moving average price of $63.17. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. Zacks Research cut shares of Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Sanford C. Bernstein lowered their price target on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Wall Street Zen lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Stifel Nicolaus decreased their price objective on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, UBS Group lowered their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.32.
Read Our Latest Report on Mondelez International
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.
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