Focus Partners Advisor Solutions LLC Trims Stock Position in Mondelez International, Inc. $MDLZ

Focus Partners Advisor Solutions LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 63.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,427 shares of the company’s stock after selling 9,399 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Mondelez International were worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MDLZ. Abound Financial LLC purchased a new position in shares of Mondelez International during the first quarter worth $25,000. North Capital Inc. purchased a new position in Mondelez International in the first quarter valued at $31,000. Financial Connections Group Inc. purchased a new position in Mondelez International in the second quarter valued at $33,000. Saudi Central Bank purchased a new position in Mondelez International in the first quarter valued at $36,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in Mondelez International by 37.2% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent analyst reports. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Thursday, October 2nd. Wells Fargo & Company cut their price target on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and lifted their price target for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.68.

Mondelez International Stock Down 0.1%

MDLZ stock opened at $57.78 on Friday. The stock has a market capitalization of $74.76 billion, a P/E ratio of 21.64, a P/E/G ratio of 5.34 and a beta of 0.45. The firm has a 50-day simple moving average of $61.95 and a 200-day simple moving average of $64.93. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15.

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