NorthRock Partners LLC Reduces Position in Mondelez International, Inc. (NASDAQ:MDLZ)

NorthRock Partners LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 273,536 shares of the company’s stock after selling 13,177 shares during the period. Mondelez International accounts for about 1.8% of NorthRock Partners LLC’s holdings, making the stock its 12th biggest holding. NorthRock Partners LLC’s holdings in Mondelez International were worth $19,812,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Bogart Wealth LLC increased its stake in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in Mondelez International during the third quarter worth about $29,000. HHM Wealth Advisors LLC purchased a new position in Mondelez International during the fourth quarter worth about $29,000. Orion Capital Management LLC acquired a new position in Mondelez International in the 3rd quarter valued at about $35,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at approximately $54,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent analyst reports. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus raised their price objective on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Barclays decreased their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Sanford C. Bernstein lifted their price target on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Citigroup reduced their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.75.

Check Out Our Latest Stock Report on Mondelez International

Mondelez International Stock Performance

MDLZ stock traded down $0.69 during trading on Friday, hitting $71.23. The company had a trading volume of 5,827,797 shares, compared to its average volume of 8,346,397. The firm has a 50-day moving average price of $69.99 and a 200-day moving average price of $71.35. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The firm has a market cap of $95.55 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.57.

Mondelez International (NASDAQ:MDLZGet Free Report) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same period last year, the business posted $0.89 EPS. The company’s revenue was up 1.4% on a year-over-year basis. On average, analysts expect that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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