Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,602 shares of the company’s stock after selling 846 shares during the period. Checchi Capital Advisers LLC’s holdings in Mondelez International were worth $1,211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new stake in shares of Mondelez International during the first quarter worth about $100,000. United Bank increased its position in Mondelez International by 4.6% in the 1st quarter. United Bank now owns 27,006 shares of the company’s stock valued at $1,695,000 after acquiring an additional 1,189 shares during the period. Cetera Investment Advisers increased its position in Mondelez International by 4.0% in the 1st quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock valued at $1,782,000 after acquiring an additional 1,085 shares during the period. Dakota Wealth Management acquired a new position in Mondelez International in the 1st quarter valued at about $561,000. Finally, Covestor Ltd increased its position in Mondelez International by 69.0% in the 1st quarter. Covestor Ltd now owns 1,269 shares of the company’s stock valued at $80,000 after acquiring an additional 518 shares during the period. 76.16% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.6 %

Shares of Mondelez International stock opened at $70.43 on Thursday. The company has a fifty day moving average price of $67.65 and a 200 day moving average price of $71.58. The company has a current ratio of 0.61, a quick ratio of 0.41 and a debt-to-equity ratio of 0.57. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.59. The stock has a market cap of $95.85 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 2.43 and a beta of 0.66.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The firm had revenue of $9.03 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Mondelez International had a net margin of 12.97% and a return on equity of 15.59%. The firm’s revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.74 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. BNP Paribas raised Mondelez International from a “neutral” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Tuesday, October 17th. Morgan Stanley decreased their price target on Mondelez International from $82.00 to $74.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Barclays cut their price objective on Mondelez International from $82.00 to $78.00 in a research report on Tuesday, October 3rd. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, HSBC began coverage on Mondelez International in a report on Friday, September 22nd. They issued a “buy” rating and a $84.00 price target for the company. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.11.

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.