Axxcess Wealth Management LLC Trims Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Axxcess Wealth Management LLC decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 28.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,796 shares of the company's stock after selling 19,797 shares during the quarter. Axxcess Wealth Management LLC's holdings in Mondelez International were worth $3,669,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company's stock valued at $9,153,609,000 after buying an additional 6,696,897 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company's stock worth $1,094,557,000 after acquiring an additional 4,794,746 shares in the last quarter. Capital Research Global Investors raised its position in shares of Mondelez International by 7.3% in the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company's stock worth $2,274,792,000 after acquiring an additional 2,206,023 shares in the last quarter. Wulff Hansen & CO. boosted its position in shares of Mondelez International by 6,311.0% during the second quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company's stock valued at $114,575,000 after purchasing an additional 1,723,537 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Mondelez International by 231.4% in the second quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company's stock worth $118,101,000 after purchasing an additional 1,260,124 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

Mondelez International stock traded down $0.10 during midday trading on Monday, reaching $66.10. 7,972,350 shares of the company traded hands, compared to its average volume of 6,781,834. Mondelez International, Inc. has a 12 month low of $64.18 and a 12 month high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The business has a 50 day moving average of $71.93 and a two-hundred day moving average of $69.73. The firm has a market capitalization of $88.39 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 2.99 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MDLZ. Citigroup dropped their target price on shares of Mondelez International from $80.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Bank of America upped their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $78.00 to $75.00 and set a "buy" rating for the company in a report on Wednesday, July 17th. The Goldman Sachs Group initiated coverage on Mondelez International in a research note on Monday, August 12th. They issued a "buy" rating and a $80.00 price target on the stock. Finally, Stifel Nicolaus lifted their price objective on Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $80.31.

Mondelez International 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.