Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,990 shares of the company’s stock after selling 5,653 shares during the period. Atlantic Union Bankshares Corp’s holdings in Mondelez International were worth $5,009,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Axiom Advisory LLC increased its position in shares of Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after purchasing an additional 143 shares in the last quarter. Sachetta LLC increased its position in Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after purchasing an additional 149 shares during the period. Hazlett Burt & Watson Inc. increased its position in Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares during the period. Carnegie Investment Counsel increased its position in Mondelez International by 1.4% during the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after purchasing an additional 151 shares during the period. Finally, Pure Financial Advisors LLC increased its position in Mondelez International by 4.1% during the 2nd quarter. Pure Financial Advisors LLC now owns 3,853 shares of the company’s stock worth $252,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. 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. Citigroup dropped their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Bank of America boosted their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Piper Sandler boosted their target price on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their price target on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.93.

Mondelez International Price Performance

MDLZ stock opened at $65.06 on Friday. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock’s 50 day moving average price is $69.23 and its 200 day moving average price is $69.19. The firm has a market cap of $87.00 billion, a P/E ratio of 23.07, a PEG ratio of 2.94 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the prior year, the company earned $0.82 EPS. Mondelez International’s revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

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.