Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,905 shares of the company’s stock after selling 1,085 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Mondelez International were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kovack Advisors Inc. purchased a new stake in Mondelez International in the 1st quarter valued at about $237,000. First Trust Direct Indexing L.P. raised its holdings in Mondelez International by 9.3% in the 1st quarter. First Trust Direct Indexing L.P. now owns 37,190 shares of the company’s stock valued at $2,603,000 after buying an additional 3,164 shares during the period. Accel Wealth Management purchased a new stake in Mondelez International in the 1st quarter valued at about $208,000. Tempus Wealth Planning LLC raised its holdings in Mondelez International by 6.1% in the 1st quarter. Tempus Wealth Planning LLC now owns 3,344 shares of the company’s stock valued at $234,000 after buying an additional 193 shares during the period. Finally, Maryland State Retirement & Pension System raised its holdings in Mondelez International by 0.9% in the 1st quarter. Maryland State Retirement & Pension System now owns 106,775 shares of the company’s stock valued at $7,076,000 after buying an additional 905 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of recent research reports. Barclays cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Evercore ISI boosted their price target 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. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Stifel Nicolaus boosted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Piper Sandler boosted their price target on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.94.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $69.79 on Thursday. The firm has a market capitalization of $93.23 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.98 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $64.18 and a 52 week high of $77.20. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average is $72.45 and its two-hundred day moving average is $69.75.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s 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 forecast that Mondelez International, Inc. will post 3.49 EPS 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.