Y Intercept Hong Kong Ltd Sells 35,327 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Y Intercept Hong Kong Ltd lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 70.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,575 shares of the company’s stock after selling 35,327 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Mondelez International were worth $1,074,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Axiom Advisory LLC boosted its position in shares of Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares during the period. Sachetta LLC boosted its stake in shares of Mondelez International by 14.0% in the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after purchasing an additional 149 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in 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 purchasing an additional 150 shares in the last quarter. Carnegie Investment Counsel increased its stake in Mondelez International by 1.4% during the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after buying an additional 151 shares during the period. Finally, Pure Financial Advisors LLC lifted its holdings in Mondelez International by 4.1% in the 2nd quarter. Pure Financial Advisors LLC now owns 3,853 shares of the company’s stock worth $252,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.8 %

NASDAQ:MDLZ opened at $62.63 on Friday. The firm has a market capitalization of $83.75 billion, a P/E ratio of 22.21, a P/E/G ratio of 2.84 and a beta of 0.53. The business has a 50 day simple moving average of $67.35 and a 200 day simple moving average of $68.72. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a 12-month low of $60.33 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly 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. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International announced that its board has approved a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on MDLZ shares. Stifel Nicolaus raised their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI raised their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Wells Fargo & Company cut their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, December 5th. Citigroup dropped their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Piper Sandler lifted their price target on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.07.

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.