Pathstone Holdings LLC Sells 23,403 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Pathstone Holdings LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 195,477 shares of the company’s stock after selling 23,403 shares during the period. Pathstone Holdings LLC’s holdings in Mondelez International were worth $11,682,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MDLZ. Marshall Investment Management LLC bought a new stake in Mondelez International during the fourth quarter valued at about $26,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $27,000. Transce3nd LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $31,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Mondelez International in the fourth quarter worth about $32,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Mizuho upped their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Piper Sandler upped their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. DA Davidson lowered Mondelez International from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Finally, DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.55.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $65.14 on Friday. The stock has a market cap of $84.34 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock has a 50 day moving average price of $66.20 and a 200-day moving average price of $63.44. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion during 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 revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. Equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

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.