HBK Sorce Advisory LLC Sells 1,711 Shares of Mondelez International, Inc. $MDLZ

by · The Cerbat Gem

HBK Sorce Advisory LLC lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 5.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,469 shares of the company’s stock after selling 1,711 shares during the period. HBK Sorce Advisory LLC’s holdings in Mondelez International were worth $1,853,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Canopy Partners LLC grew its position in Mondelez International by 20.7% in the first quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock valued at $1,140,000 after acquiring an additional 2,876 shares during the last quarter. TCW Group Inc. grew its position in Mondelez International by 1.1% in the first quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock valued at $6,679,000 after acquiring an additional 1,075 shares during the last quarter. CORDA Investment Management LLC. grew its position in Mondelez International by 1.5% in the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock valued at $38,920,000 after acquiring an additional 8,456 shares during the last quarter. Ground Swell Capital LLC bought a new position in Mondelez International in the first quarter valued at about $392,000. Finally, Benjamin Edwards Inc. grew its position in Mondelez International by 19.6% in the first quarter. Benjamin Edwards Inc. now owns 501,976 shares of the company’s stock valued at $34,059,000 after acquiring an additional 82,144 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research reports. Morgan Stanley dropped their price target on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Mizuho dropped their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday. Stifel Nicolaus dropped their price target on Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Royal Bank Of Canada reduced their price target on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Wednesday. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.68.

Read Our Latest Research Report on MDLZ

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $57.78 on Friday. The stock has a market cap of $74.76 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 5.34 and a beta of 0.45. 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 stock’s 50-day moving average is $61.95 and its 200-day moving average is $64.93. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.15.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 EPS 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. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Company 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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