Evermay Wealth Management LLC Has $442,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Evermay Wealth Management LLC cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,976 shares of the company’s stock after selling 350 shares during the period. Evermay Wealth Management LLC’s holdings in Mondelez International were worth $442,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MDLZ. Edge Financial Advisors LLC bought a new position in Mondelez International during the third quarter valued at approximately $292,000. Highline Wealth Partners LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at $38,000. Childress Capital Advisors LLC raised its holdings in shares of Mondelez International by 29.9% during the 3rd quarter. Childress Capital Advisors LLC now owns 4,685 shares of the company’s stock valued at $345,000 after purchasing an additional 1,077 shares in the last quarter. Fidelis Capital Partners LLC lifted its stake in shares of Mondelez International by 3.8% in the 3rd quarter. Fidelis Capital Partners LLC now owns 12,205 shares of the company’s stock valued at $861,000 after purchasing an additional 448 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its position in Mondelez International by 5.7% during the third quarter. Diversify Advisory Services LLC now owns 22,998 shares of the company’s stock worth $1,641,000 after buying an additional 1,231 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MDLZ. Barclays reduced their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Evercore ISI upped their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Piper Sandler dropped their price target on shares of Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Citigroup upped their price objective on shares of Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Sanford C. Bernstein dropped their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $79.35.

Mondelez International Stock Performance

Mondelez International stock traded down $0.20 on Wednesday, hitting $68.95. The company’s stock had a trading volume of 2,761,838 shares, compared to its average volume of 6,746,156. Mondelez International, Inc. has a one year low of $64.18 and a one year high of $77.20. The firm has a market cap of $92.10 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average price of $72.47 and a 200-day moving average price of $69.75.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 earnings per share. On average, equities analysts anticipate that Mondelez International, Inc. will post 3.49 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.