Flagship Harbor Advisors LLC Has $715,000 Stock Holdings in Mondelez International, Inc. $MDLZ

Flagship Harbor Advisors LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,595 shares of the company’s stock after selling 288 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Mondelez International were worth $715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after acquiring an additional 7,025 shares during the period. Ameritas Advisory Services LLC increased its stake in Mondelez International by 10.4% during the 1st quarter. Ameritas Advisory Services LLC now owns 5,413 shares of the company’s stock worth $345,000 after acquiring an additional 510 shares during the period. DAVENPORT & Co LLC increased its stake in Mondelez International by 2.6% during the 1st quarter. DAVENPORT & Co LLC now owns 197,959 shares of the company’s stock worth $13,431,000 after acquiring an additional 4,938 shares during the period. Pinnacle Financial Partners Inc increased its stake in Mondelez International by 1.2% during the 1st quarter. Pinnacle Financial Partners Inc now owns 129,850 shares of the company’s stock worth $8,777,000 after acquiring an additional 1,496 shares during the period. Finally, Latitude Advisors LLC bought a new position in Mondelez International during the 1st quarter worth $214,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.1%

Shares of MDLZ opened at $57.78 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.15. The firm has a market cap of $74.76 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 5.34 and a beta of 0.45. The business’s fifty day moving average is $61.95 and its 200-day moving average is $64.93.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The company had revenue of $7.30 billion for the quarter. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MDLZ. Bank of America lowered their price objective on Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday. Royal Bank Of Canada lowered their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday. Evercore ISI lowered their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Mizuho decreased their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.68.

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.