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

Qsemble Capital Management LP trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 33.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 34,501 shares of the company's stock after selling 17,513 shares during the period. Qsemble Capital Management LP's holdings in Mondelez International were worth $2,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International during the third quarter valued at about $27,000. Richardson Financial Services Inc. raised its stake in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock valued at $28,000 after acquiring an additional 200 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $26,000. Finally, Lynx Investment Advisory acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $27,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Down 0.1 %

Shares of Mondelez International stock traded down $0.06 during trading on Tuesday, hitting $64.88. 8,705,880 shares of the stock were exchanged, compared to its average volume of 6,792,788. 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's 50-day moving average price is $69.62 and its 200 day moving average price is $69.24. The stock has a market cap of $86.76 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a 12-month low of $63.40 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced 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. 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 during the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the previous year, the business earned $0.82 EPS. Mondelez International's revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Mondelez International from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. Piper Sandler lifted their price objective on Mondelez International from $74.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Citigroup decreased their target price on Mondelez International from $80.00 to $78.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Bank of America raised their target price on Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a "buy" rating and a $80.00 price target on the stock. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.