Deseret Mutual Benefit Administrators Sells 232 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Deseret Mutual Benefit Administrators trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,715 shares of the company’s stock after selling 232 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Mondelez International were worth $347,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Richardson Financial Services Inc. increased 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 worth $28,000 after purchasing an additional 200 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International during the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new position in shares of Mondelez International in the second quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Mondelez International in the second quarter valued at $29,000. Finally, Highline Wealth Partners LLC bought a new stake in Mondelez International in the third quarter worth $38,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

MDLZ opened at $66.23 on Thursday. The firm has a market capitalization of $88.47 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 2.94 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The business’s 50-day moving average is $72.14 and its two-hundred day moving average is $69.80. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly 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 business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. Research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MDLZ. Evercore ISI lifted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Stifel Nicolaus boosted their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays dropped their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Piper Sandler increased their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.31.

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.