Legacy Bridge LLC Sells 824 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Legacy Bridge LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,555 shares of the company’s stock after selling 824 shares during the period. Legacy Bridge LLC’s holdings in Mondelez International were worth $851,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. BDF Gestion bought a new position in shares of Mondelez International during the 2nd quarter worth approximately $6,690,000. Buckingham Capital Management Inc. lifted its position in shares of Mondelez International by 1,554.4% during the 3rd quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock valued at $5,483,000 after acquiring an additional 69,934 shares during the period. Strategic Wealth Investment Group LLC boosted its stake in Mondelez International by 40.4% during the third quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock worth $10,187,000 after acquiring an additional 40,154 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Mondelez International by 1.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,445,724 shares of the company’s stock worth $253,846,000 after purchasing an additional 50,094 shares during the period. Finally, RIA Advisory Group LLC acquired a new stake in Mondelez International in the third quarter worth $905,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $63.84 on Tuesday. The company has a market capitalization of $85.37 billion, a PE ratio of 22.64, a PEG ratio of 2.91 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average price is $70.87 and its 200-day moving average price is $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) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. On average, equities analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on MDLZ. Piper Sandler increased their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Evercore ISI increased their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Stifel Nicolaus boosted their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. 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 for the company. One equities research 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 a consensus 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.