E Fund Management Co. Ltd. Sells 1,412 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

E Fund Management Co. Ltd. lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,550 shares of the company’s stock after selling 1,412 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Mondelez International were worth $981,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bogart Wealth LLC increased its stake in Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Carmel Capital Partners LLC purchased a new position in Mondelez International in the 3rd quarter worth approximately $28,000. First Command Advisory Services Inc. bought a new position in Mondelez International in the 3rd quarter valued at approximately $29,000. HHM Wealth Advisors LLC purchased a new stake in Mondelez International during the 4th quarter valued at $29,000. Finally, Orion Capital Management LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth $35,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ traded down $0.46 on Wednesday, hitting $70.43. 6,514,857 shares of the company’s stock traded hands, compared to its average volume of 7,905,893. The firm has a market cap of $94.83 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.47 and a beta of 0.55. The company’s 50 day simple moving average is $70.10 and its 200-day simple moving average is $71.10. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $78.54. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. As a group, research analysts anticipate that Mondelez International, Inc. will post 3.5 EPS for the current year.

Analyst Ratings Changes

MDLZ has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Stifel Nicolaus raised their target price on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Sanford C. Bernstein raised their price target on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Barclays reduced their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. dropped their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.75.

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.