Laird Norton Wetherby Wealth Management LLC Has $1.88 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Laird Norton Wetherby Wealth Management LLC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,491 shares of the company's stock after selling 3,849 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in Mondelez International were worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MDLZ. Marshall Investment Management LLC acquired a new stake in Mondelez International in the 4th quarter valued at about $26,000. Hager Investment Management Services LLC bought a new position in Mondelez International in the 4th quarter worth approximately $27,000. Transce3nd LLC acquired a new position in Mondelez International during the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at $31,000. Finally, Sierra Ocean LLC bought a new stake in shares of Mondelez International during the fourth quarter worth $32,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research reports. Barclays lifted their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Stifel Nicolaus lifted their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group cut their price target on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $70.55.

Mondelez International Stock Up 0.3%

Shares of MDLZ stock traded up $0.18 on Friday, hitting $65.32. 8,014,668 shares of the stock were exchanged, compared to its average volume of 7,965,879. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $84.58 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The business has a 50-day moving average of $66.20 and a 200 day moving average of $63.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

About Mondelez International

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.