Connecticut Wealth Management LLC Has $647,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Connecticut Wealth Management LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,933 shares of the company’s stock after selling 473 shares during the period. Connecticut Wealth Management LLC’s holdings in Mondelez International were worth $647,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Avidian Wealth Solutions LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $260,000. National Bank of Canada FI boosted its position in shares of Mondelez International by 29.4% in the fourth quarter. National Bank of Canada FI now owns 1,474,364 shares of the company’s stock valued at $108,866,000 after acquiring an additional 334,561 shares during the period. Pointe Capital Management LLC increased its position in Mondelez International by 21.1% during the fourth quarter. Pointe Capital Management LLC now owns 10,611 shares of the company’s stock worth $769,000 after acquiring an additional 1,847 shares during the period. TCG Advisory Services LLC raised its stake in Mondelez International by 91.8% in the 4th quarter. TCG Advisory Services LLC now owns 13,100 shares of the company’s stock worth $949,000 after purchasing an additional 6,269 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. boosted its holdings in Mondelez International by 0.8% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 35,593 shares of the company’s stock valued at $2,578,000 after purchasing an additional 265 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

MDLZ stock traded down $0.61 during midday trading on Friday, reaching $69.89. 8,093,601 shares of the stock were exchanged, compared to its average volume of 9,882,163. The stock has a market capitalization of $94.11 billion, a PE ratio of 22.19, a P/E/G ratio of 2.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.43. The company has a fifty day moving average price of $70.21 and a 200 day moving average price of $71.01. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same quarter last year, the business earned $0.89 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MDLZ. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. decreased their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Sanford C. Bernstein upped their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup decreased their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.75.

Mondelez International 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.