Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Empowered Funds LLC

Empowered Funds LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 155,523 shares of the company’s stock after selling 2,754 shares during the period. Empowered Funds LLC’s holdings in Mondelez International were worth $11,457,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Empirical Finance LLC lifted its holdings in Mondelez International by 2.0% in the third quarter. Empirical Finance LLC now owns 47,200 shares of the company’s stock worth $3,477,000 after acquiring an additional 927 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in Mondelez International by 1.3% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 29,479 shares of the company’s stock worth $2,172,000 after acquiring an additional 390 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Mondelez International by 1.1% in the third quarter. CIBC Asset Management Inc now owns 1,113,412 shares of the company’s stock worth $81,950,000 after acquiring an additional 12,034 shares during the last quarter. International Private Wealth Advisors LLC bought a new position in Mondelez International in the third quarter worth about $203,000. Finally, Metis Global Partners LLC lifted its holdings in Mondelez International by 1.0% in the third quarter. Metis Global Partners LLC now owns 42,682 shares of the company’s stock worth $3,144,000 after acquiring an additional 430 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.8 %

Shares of Mondelez International stock traded down $0.55 on Friday, hitting $65.01. 626,419 shares of the company traded hands, compared to its average volume of 6,745,934. The company has a 50-day moving average price of $71.52 and a 200 day moving average price of $69.64. 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 $64.18 and a 12-month high of $77.20. The company has a market cap of $86.93 billion, a PE ratio of 23.25, a PEG ratio of 2.98 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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. The firm 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%. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. Sell-side analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MDLZ. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Citigroup lowered their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. 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 note on Wednesday, October 30th. Bank of America raised their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.31.

About Mondelez International

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.