Beacon Pointe Advisors LLC Sells 6,594 Shares of Mondelez International, Inc. $MDLZ

Beacon Pointe Advisors LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% in the 2nd quarter, Holdings Channel reports. The fund owned 277,911 shares of the company’s stock after selling 6,594 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Mondelez International were worth $18,742,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaStar Capital Management LLC purchased a new stake in Mondelez International during the 2nd quarter valued at $1,336,000. GAMMA Investing LLC increased its holdings in Mondelez International by 43.2% during the second quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock valued at $1,769,000 after buying an additional 7,914 shares during the last quarter. Ground Swell Capital LLC bought a new position in shares of Mondelez International in the first quarter worth about $392,000. Benjamin Edwards Inc. lifted its holdings in Mondelez International by 19.6% during the first quarter. Benjamin Edwards Inc. now owns 501,976 shares of the company’s stock valued at $34,059,000 after purchasing an additional 82,144 shares in the last quarter. Finally, Banque Transatlantique SA boosted its holdings in Mondelez International by 294.5% in the 1st quarter. Banque Transatlantique SA now owns 12,657 shares of the company’s stock worth $794,000 after buying an additional 9,449 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Evercore ISI lowered their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Mizuho reduced their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, October 28th. Bank of America decreased their price objective on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.32.

Mondelez International Trading Down 2.0%

NASDAQ MDLZ opened at $56.40 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $59.50 and a two-hundred day simple moving average of $63.34. The stock has a market cap of $72.78 billion, a P/E ratio of 21.12, a P/E/G ratio of 5.34 and a beta of 0.42. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $7.30 billion for the quarter. On average, analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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.