Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by MAI Capital Management

MAI Capital Management cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 301,181 shares of the company's stock after selling 14,183 shares during the quarter. MAI Capital Management's holdings in Mondelez International were worth $22,188,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Axiom Advisory LLC lifted its stake in shares of Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company's stock valued at $643,000 after buying an additional 143 shares during the period. Cadence Bank increased its position in Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company's stock worth $804,000 after purchasing an additional 148 shares during the last quarter. Evermay Wealth Management LLC increased its position in Mondelez International by 2.6% during the first quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company's stock worth $409,000 after purchasing an additional 149 shares during the last quarter. Sachetta LLC increased its position in Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company's stock worth $81,000 after purchasing an additional 149 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its position in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company's stock worth $78,000 after purchasing an additional 150 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MDLZ. Bank of America upped their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. The Goldman Sachs Group began coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a "buy" rating and a $80.00 price target for the company. Citigroup dropped their price target on shares of Mondelez International from $80.00 to $78.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Stifel Nicolaus increased their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company dropped their price objective on shares of Mondelez International from $82.00 to $78.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.31.

Mondelez International Stock Performance

Shares of MDLZ stock traded down $0.65 during trading hours on Monday, reaching $63.84. The stock had a trading volume of 6,983,568 shares, compared to its average volume of 6,776,492. The firm has a market capitalization of $85.37 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55. 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 firm has a 50-day simple moving average of $70.87 and a 200-day simple moving average of $69.49. Mondelez International, Inc. has a twelve month low of $63.72 and a twelve month high of $77.20.

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