Mondelez International, Inc. (NASDAQ:MDLZ) Stake Trimmed by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,629 shares of the company’s stock after selling 466 shares during the period. Williams Jones Wealth Management LLC.’s holdings in Mondelez International were worth $1,710,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Marshall Investment Management LLC acquired a new position in Mondelez International during the fourth quarter valued at $26,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter worth about $27,000. Transce3nd LLC purchased a new position in Mondelez International during the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International during the 4th quarter valued at about $31,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Mondelez International in the 4th quarter valued at about $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on MDLZ shares. Barclays raised their price target on shares of Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Mizuho lifted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Morgan Stanley boosted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Piper Sandler lifted their price objective on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.55.

Mondelez International Trading Up 0.2%

NASDAQ:MDLZ opened at $65.87 on Wednesday. The company’s 50 day moving average is $66.19 and its 200-day moving average is $63.33. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm has a market cap of $85.29 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Mondelez International’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.93 EPS. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current 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.