Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,720 shares of the company’s stock after selling 500 shares during the period. Meridian Investment Counsel Inc.’s holdings in Mondelez International were worth $569,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. M&G Plc acquired a new position in Mondelez International in the 1st quarter worth about $12,010,000. First Foundation Advisors lifted its position in shares of Mondelez International by 17.1% during the 1st quarter. First Foundation Advisors now owns 7,907 shares of the company’s stock valued at $553,000 after buying an additional 1,152 shares in the last quarter. Spirepoint Private Client LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at approximately $596,000. Edgestream Partners L.P. increased its holdings in Mondelez International by 43.4% in the 1st quarter. Edgestream Partners L.P. now owns 38,505 shares of the company’s stock worth $2,695,000 after acquiring an additional 11,660 shares in the last quarter. Finally, Jacobi Capital Management LLC increased its holdings in Mondelez International by 4.7% in the 1st quarter. Jacobi Capital Management LLC now owns 7,810 shares of the company’s stock worth $547,000 after acquiring an additional 348 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MDLZ. The Goldman Sachs Group assumed coverage on Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Citigroup decreased their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their target price on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. DA Davidson cut their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Evercore ISI boosted their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. One equities 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.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Trading Down 1.6 %

NASDAQ:MDLZ opened at $64.49 on Friday. Mondelez International, Inc. has a 12-month low of $63.91 and a 12-month high of $77.20. The firm has a market cap of $86.24 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average price of $71.11 and a 200 day moving average price of $69.56.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

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.