Cladis Investment Advisory LLC Sells 415 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Cladis Investment Advisory LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,469 shares of the company’s stock after selling 415 shares during the period. Cladis Investment Advisory LLC’s holdings in Mondelez International were worth $256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kingsview Wealth Management LLC increased its holdings in shares of Mondelez International by 14.3% in the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after acquiring an additional 14,278 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Mondelez International by 11.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock valued at $18,349,000 after purchasing an additional 25,833 shares during the period. BDF Gestion bought a new stake in Mondelez International during the 2nd quarter worth approximately $6,690,000. Harvest Fund Management Co. Ltd raised its holdings in Mondelez International by 51.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 61,531 shares of the company’s stock worth $4,532,000 after buying an additional 20,942 shares during the period. Finally, RIA Advisory Group LLC bought a new position in Mondelez International in the third quarter valued at approximately $905,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $64.95 on Monday. The firm has a market capitalization of $86.85 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm’s fifty day moving average price is $69.04 and its two-hundred day moving average price is $69.10. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate 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 was up 1.9% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. As a group, research analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MDLZ shares. Piper Sandler increased their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company reduced their price objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Citigroup decreased their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $79.93.

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.