Northwest & Ethical Investments L.P. Lowers Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Northwest & Ethical Investments L.P. reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,414 shares of the company’s stock after selling 4,844 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Mondelez International were worth $1,872,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in Mondelez International in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Mondelez International in the 2nd quarter worth approximately $26,000. Lynx Investment Advisory purchased a new position in Mondelez International in the 2nd quarter worth approximately $27,000. Prospera Private Wealth LLC purchased a new position in Mondelez International in the 3rd quarter worth approximately $27,000. Finally, Richardson Financial Services Inc. lifted its holdings in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on MDLZ shares. Wells Fargo & Company lowered their price target on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group assumed coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective on the stock. Citigroup reduced their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.93.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $64.95 on Friday. The company has a market cap of $86.85 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.94 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The business’s 50 day moving average price is $69.04 and its 200-day moving average price is $69.14. Mondelez International, Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The firm 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 company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. Sell-side analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

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.