Inceptionr LLC Reduces Stock Holdings in Mondelez International, Inc. $MDLZ

Inceptionr LLC lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 52.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,066 shares of the company’s stock after selling 10,163 shares during the quarter. Inceptionr LLC’s holdings in Mondelez International were worth $611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MDLZ. Soundwatch Capital LLC bought a new stake in Mondelez International during the second quarter valued at approximately $27,000. Rossby Financial LCC boosted its stake in shares of Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 406 shares during the last quarter. Aspect Partners LLC grew its position in shares of Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after acquiring an additional 305 shares during the period. Financial Connections Group Inc. bought a new stake in shares of Mondelez International during the 2nd quarter valued at $33,000. Finally, Saudi Central Bank purchased a new stake in shares of Mondelez International in the 1st quarter worth $36,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Bank of America lowered their target price on Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Sanford C. Bernstein lowered their price objective on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Wells Fargo & Company reduced their target price on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Finally, Barclays dropped their price target on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.32.

Mondelez International Stock Up 1.2%

Shares of MDLZ opened at $57.21 on Friday. The business’s 50 day moving average is $59.77 and its 200 day moving average is $63.47. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15. The company has a market capitalization of $73.82 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. Research analysts expect that Mondelez International, Inc. will post 2.9 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.