Schmidt P J Investment Management Inc. Reduces Holdings in Mondelez International, Inc. $MDLZ

Schmidt P J Investment Management Inc. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,091 shares of the company’s stock after selling 400 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Mondelez International were worth $276,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Hemington Wealth Management grew its holdings in shares of Mondelez International by 11.4% during the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock worth $103,000 after purchasing an additional 156 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Mondelez International by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock worth $1,083,000 after buying an additional 160 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mondelez International by 37.2% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after buying an additional 163 shares during the period. Enterprise Bank & Trust Co boosted its stake in shares of Mondelez International by 0.7% during the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after buying an additional 170 shares during the period. Finally, Sage Private Wealth Group LLC boosted its stake in shares of Mondelez International by 3.7% during the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock worth $334,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $61.66 on Tuesday. The company has a 50-day moving average price of $62.21 and a 200 day moving average price of $65.08. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a market cap of $79.78 billion, a P/E ratio of 22.59, a PEG ratio of 5.44 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $7.30 billion during the quarter. Research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Analysts Set New Price Targets

MDLZ has been the subject of several recent research reports. Piper Sandler increased their target price on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Wells Fargo & Company decreased their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Morgan Stanley reduced their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Finally, Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Thursday, October 2nd. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.22.

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.