NorthRock Partners LLC Lowers Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

NorthRock Partners LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 14.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,364 shares of the company's stock after selling 33,785 shares during the period. Mondelez International accounts for approximately 1.3% of NorthRock Partners LLC's portfolio, making the stock its 17th largest position. NorthRock Partners LLC's holdings in Mondelez International were worth $15,350,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MDLZ shares. Stifel Nicolaus increased their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $82.00 to $78.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped 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. The Goldman Sachs Group started coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a "buy" rating and a $80.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price target 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. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.31.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.69 during mid-day trading on Tuesday, hitting $69.05. 5,331,312 shares of the company's stock traded hands, compared to its average volume of 6,772,579. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The company has a market cap of $92.24 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 2.94 and a beta of 0.55. The firm's 50 day simple moving average is $72.24 and its 200 day simple moving average is $69.82. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion during 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%. The company's revenue was up 1.9% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. Sell-side analysts expect that Mondelez International, Inc. will post 3.49 EPS 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.