Silvercrest Asset Management Group LLC Trims Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Silvercrest Asset Management Group LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,010,549 shares of the company's stock after selling 17,806 shares during the period. Silvercrest Asset Management Group LLC owned 0.08% of Mondelez International worth $60,360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brookstone Capital Management increased its position in Mondelez International by 45.9% during the 4th quarter. Brookstone Capital Management now owns 13,535 shares of the company's stock valued at $808,000 after purchasing an additional 4,260 shares during the period. AdvisorNet Financial Inc boosted its stake in shares of Mondelez International by 23.7% during the 4th quarter. AdvisorNet Financial Inc now owns 4,877 shares of the company's stock valued at $291,000 after purchasing an additional 934 shares in the last quarter. Rockland Trust Co. increased its position in shares of Mondelez International by 4.3% during the fourth quarter. Rockland Trust Co. now owns 7,233 shares of the company's stock valued at $432,000 after buying an additional 301 shares during the period. Park Avenue Securities LLC increased its position in shares of Mondelez International by 21.2% during the fourth quarter. Park Avenue Securities LLC now owns 23,950 shares of the company's stock valued at $1,431,000 after buying an additional 4,193 shares during the period. Finally, Pinnacle Bancorp Inc. raised its stake in Mondelez International by 36.2% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,936 shares of the company's stock worth $116,000 after buying an additional 515 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

MDLZ stock opened at $65.14 on Friday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The stock's fifty day moving average price is $66.20 and its 200-day moving average price is $63.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a market cap of $84.34 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on MDLZ. Stifel Nicolaus lifted their price objective on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their price target on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 2nd. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. 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 company's stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $70.55.

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.

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