Welch & Forbes LLC Decreases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Welch & Forbes LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,571 shares of the company’s stock after selling 500 shares during the period. Welch & Forbes LLC’s holdings in Mondelez International were worth $2,504,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Murphy Middleton Hinkle & Parker Inc. boosted its position in shares of Mondelez International by 3.9% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock worth $264,000 after purchasing an additional 136 shares during the last quarter. Cobblestone Asset Management LLC boosted its holdings in Mondelez International by 2.8% during the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock worth $361,000 after buying an additional 138 shares during the last quarter. Graypoint LLC grew its position in shares of Mondelez International by 1.1% during the 4th quarter. Graypoint LLC now owns 12,281 shares of the company’s stock worth $890,000 after buying an additional 138 shares during the period. Guyasuta Investment Advisors Inc. increased its stake in shares of Mondelez International by 0.8% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock valued at $1,192,000 after acquiring an additional 138 shares during the last quarter. Finally, Beacon Capital Management LLC raised its position in shares of Mondelez International by 15.9% in the 4th quarter. Beacon Capital Management LLC now owns 1,019 shares of the company’s stock valued at $71,000 after acquiring an additional 140 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on MDLZ shares. JPMorgan Chase & Co. lowered their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Sanford C. Bernstein lifted their target price on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Citigroup lowered their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, Barclays cut their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.75.

Mondelez International Stock Performance

Shares of MDLZ traded up $0.96 during mid-day trading on Tuesday, hitting $70.89. 4,315,446 shares of the company’s stock were exchanged, compared to its average volume of 7,921,690. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The firm has a market cap of $95.45 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55. The stock’s 50-day simple moving average is $70.10 and its 200-day simple moving average is $71.10. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating 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 business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same period in the previous year, the business earned $0.89 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. On average, equities research analysts expect that Mondelez International, Inc. will post 3.5 EPS 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.