Portfolio Design Labs LLC Sells 30,433 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Portfolio Design Labs LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 61.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,479 shares of the company's stock after selling 30,433 shares during the quarter. Portfolio Design Labs LLC's holdings in Mondelez International were worth $1,435,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MDLZ. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the third quarter valued at about $27,000. Richardson Financial Services Inc. grew its holdings in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock worth $28,000 after purchasing an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Mondelez International during the second quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International in the second quarter valued at $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International in the second quarter worth $29,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 0.9 %

Mondelez International stock traded up $0.55 during mid-day trading on Wednesday, hitting $64.42. 5,231,137 shares of the stock were exchanged, compared to its average volume of 6,764,490. The firm's fifty day simple moving average is $70.65 and its two-hundred day simple moving average is $69.45. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12 month low of $63.40 and a 12 month high of $77.20. The stock has a market capitalization of $86.14 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.91 and a beta of 0.55.

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, topping 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 business had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The firm's revenue was up 1.9% on a year-over-year basis. Analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on MDLZ. The Goldman Sachs Group assumed coverage on Mondelez International in a research report on Monday, August 12th. They set a "buy" rating and a $80.00 target price for the company. Wells Fargo & Company lowered their target price on shares of Mondelez International from $82.00 to $78.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Piper Sandler lifted their price target on shares of Mondelez International from $74.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. DA Davidson reduced their price target on shares of Mondelez International from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Wednesday, July 31st. Finally, Citigroup dropped their price objective on shares of Mondelez International from $80.00 to $78.00 and set a "buy" rating for the company in a 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 company currently has an average rating of "Moderate Buy" and an average target price of $80.31.

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.