Nicholas Hoffman & Company LLC. Sells 1,585 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Nicholas Hoffman & Company LLC. trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 20,723 shares of the company’s stock after selling 1,585 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Mondelez International were worth $1,527,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Fidelis Capital Partners LLC raised its holdings in Mondelez International by 3.8% in the 3rd quarter. Fidelis Capital Partners LLC now owns 12,205 shares of the company’s stock worth $861,000 after acquiring an additional 448 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in shares of Mondelez International by 5.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 22,998 shares of the company’s stock worth $1,641,000 after purchasing an additional 1,231 shares in the last quarter. Fortitude Family Office LLC raised its stake in shares of Mondelez International by 416.9% in the third quarter. Fortitude Family Office LLC now owns 1,654 shares of the company’s stock worth $122,000 after purchasing an additional 1,334 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Mondelez International by 110.1% during the third quarter. China Universal Asset Management Co. Ltd. now owns 16,943 shares of the company’s stock valued at $1,256,000 after purchasing an additional 8,878 shares in the last quarter. Finally, Boston Financial Mangement LLC boosted its position in shares of Mondelez International by 3.8% during the third quarter. Boston Financial Mangement LLC now owns 45,515 shares of the company’s stock valued at $3,353,000 after buying an additional 1,662 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

MDLZ opened at $69.15 on Wednesday. The company has a 50 day simple moving average of $72.47 and a two-hundred day simple moving average of $69.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The firm has a market cap of $92.37 billion, a P/E ratio of 23.76, a PEG ratio of 2.98 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $64.18 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. Equities analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MDLZ shares. Stifel Nicolaus boosted their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Evercore ISI lifted their target price 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. The Goldman Sachs Group began coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Finally, DA Davidson dropped their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.35.

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.