Stokes Family Office LLC Sells 2,770 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Stokes Family Office LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,799 shares of the company’s stock after selling 2,770 shares during the period. Stokes Family Office LLC’s holdings in Mondelez International were worth $1,651,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MDLZ. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Mondelez International by 0.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 129,869 shares of the company’s stock worth $9,013,000 after buying an additional 1,136 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Mondelez International by 2.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 320,779 shares of the company’s stock worth $22,262,000 after buying an additional 8,942 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in shares of Mondelez International by 31.9% in the 3rd quarter. Simon Quick Advisors LLC now owns 4,317 shares of the company’s stock worth $300,000 after buying an additional 1,044 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Mondelez International by 8.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 56,780 shares of the company’s stock worth $3,941,000 after buying an additional 4,516 shares during the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in shares of Mondelez International by 12.5% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 11,481 shares of the company’s stock worth $797,000 after buying an additional 1,272 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Sanford C. Bernstein upped their price target on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Barclays cut their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.75.

Mondelez International Trading Down 0.9 %

Mondelez International stock traded down $0.61 during trading hours on Friday, hitting $69.89. The company had a trading volume of 8,093,495 shares, compared to its average volume of 7,989,880. The firm has a market cap of $94.11 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.46 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.77. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $78.54. The company has a 50-day moving average price of $70.29 and a two-hundred day moving average price of $70.86.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 3.51 earnings per share for the current year.

Mondelez International 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.