Lazard Asset Management LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,255,760 shares of the company's stock after selling 541,479 shares during the quarter. Lazard Asset Management LLC owned about 0.24% of Mondelez International worth $194,466,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Investor s Fiduciary Advisor Network LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at about $224,000. Jefferies Financial Group Inc. purchased a new stake in Mondelez International in the fourth quarter valued at approximately $1,356,000. Humankind Investments LLC lifted its position in Mondelez International by 14.3% during the fourth quarter. Humankind Investments LLC now owns 7,613 shares of the company's stock valued at $455,000 after purchasing an additional 952 shares during the last quarter. Guardian Wealth Advisors LLC NC grew its stake in Mondelez International by 8.9% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 6,019 shares of the company's stock worth $360,000 after buying an additional 492 shares in the last quarter. Finally, Gotham Asset Management LLC increased its holdings in shares of Mondelez International by 40.0% in the 4th quarter. Gotham Asset Management LLC now owns 399,171 shares of the company's stock worth $23,842,000 after buying an additional 114,090 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.
Mondelez International Trading Up 2.5%
Shares of NASDAQ MDLZ traded up $1.60 during trading hours on Thursday, hitting $65.14. The company's stock had a trading volume of 7,309,772 shares, compared to its average volume of 7,965,680. The business has a 50-day simple moving average of $66.26 and a 200-day simple moving average of $63.47. The stock has a market cap of $84.34 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business's revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 earnings per share. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on MDLZ. Jefferies Financial Group downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their target price on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 2nd. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, UBS Group boosted their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $70.55.
Read Our Latest Analysis on MDLZ
Mondelez International Profile
(
Free Report)
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.
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