TrinityPoint Wealth LLC Trims Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

TrinityPoint Wealth LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.7% during the third quarter, HoldingsChannel.com reports. The firm owned 10,588 shares of the company’s stock after selling 755 shares during the period. TrinityPoint Wealth LLC’s holdings in Mondelez International were worth $780,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Axiom Advisory LLC raised its stake in Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after purchasing an additional 143 shares in the last quarter. Cadence Bank grew its stake in Mondelez International by 1.3% in the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after buying an additional 148 shares in the last quarter. Evermay Wealth Management LLC increased its holdings in shares of Mondelez International by 2.6% in the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after buying an additional 149 shares during the last quarter. Sachetta LLC raised its position in shares of Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after buying an additional 149 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its position in shares of Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 1.0 %

Shares of MDLZ opened at $63.84 on Tuesday. The stock has a market capitalization of $85.37 billion, a P/E ratio of 22.64, a PEG ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a twelve month low of $63.72 and a twelve month high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $70.87 and a two-hundred day simple moving average of $69.49.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. On average, research analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of research analyst reports. DA Davidson reduced their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Piper Sandler raised their price objective on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Stifel Nicolaus upped their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.31.

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.