Spire Wealth Management Sells 225 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Spire Wealth Management trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,598 shares of the company’s stock after selling 225 shares during the period. Spire Wealth Management’s holdings in Mondelez International were worth $1,429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Addison Advisors LLC grew its stake in Mondelez International by 2.5% in the 1st quarter. Addison Advisors LLC now owns 5,376 shares of the company’s stock worth $375,000 after acquiring an additional 132 shares in the last quarter. MONECO Advisors LLC raised its position in Mondelez International by 3.2% during the 1st quarter. MONECO Advisors LLC now owns 4,275 shares of the company’s stock valued at $298,000 after purchasing an additional 134 shares in the last quarter. Asio Capital LLC raised its position in Mondelez International by 3.7% during the 2nd quarter. Asio Capital LLC now owns 3,894 shares of the company’s stock valued at $284,000 after purchasing an additional 139 shares in the last quarter. L2 Asset Management LLC lifted its holdings in shares of Mondelez International by 4.5% in the 1st quarter. L2 Asset Management LLC now owns 3,263 shares of the company’s stock worth $227,000 after buying an additional 140 shares during the period. Finally, Hancock Whitney Corp grew its position in shares of Mondelez International by 2.6% during the 1st quarter. Hancock Whitney Corp now owns 5,553 shares of the company’s stock worth $388,000 after buying an additional 143 shares in the last quarter. 76.16% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 0.2 %

MDLZ opened at $69.99 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.61 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 company has a market cap of $95.25 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 2.43 and a beta of 0.66. The company has a 50-day moving average price of $67.65 and a 200 day moving average price of $71.58.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays cut their price objective on shares of Mondelez International from $82.00 to $78.00 in a research report on Tuesday, October 3rd. Piper Sandler upped their price target on Mondelez International from $71.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. TD Cowen assumed coverage on Mondelez International in a research report on Wednesday, September 13th. They issued an “outperform” rating and a $82.00 price objective for the company. The Goldman Sachs Group reduced their target price on Mondelez International from $89.00 to $86.00 in a research report on Wednesday, October 4th. Finally, HSBC initiated 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 analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.11.

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.