Dearborn Partners LLC Sells 9,335 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Dearborn Partners LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 377,604 shares of the company's stock after selling 9,335 shares during the period. Dearborn Partners LLC's holdings in Mondelez International were worth $27,818,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Richardson Financial Services Inc. increased its position in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock worth $28,000 after buying an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Mondelez International in the second quarter valued at $26,000. Lynx Investment Advisory bought a new stake in Mondelez International in the second quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International during the second quarter worth $29,000. Finally, Highline Wealth Partners LLC acquired a new position in Mondelez International in the third quarter valued at approximately $38,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price target on the stock. Stifel Nicolaus boosted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Wells Fargo & Company reduced their target price on Mondelez International from $82.00 to $78.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Finally, Barclays decreased their target price on Mondelez International from $80.00 to $76.00 and set an "overweight" rating for the company in a research report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.31.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded down $1.14 during trading on Friday, reaching $64.42. The stock had a trading volume of 4,359,478 shares, compared to its average volume of 6,762,749. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $71.33 and a two-hundred day simple moving average of $69.62. The firm has a market capitalization of $86.14 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.98 and a beta of 0.55. Mondelez International, Inc. has a 52 week low of $63.91 and a 52 week high of $77.20.

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

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.