Ferguson Wellman Capital Management Inc. Sells 299 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Ferguson Wellman Capital Management Inc. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,060 shares of the company’s stock after selling 299 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Mondelez International were worth $1,109,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. raised its position in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International in the second quarter valued at about $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International in the second quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International in the second quarter valued at about $29,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of Mondelez International in the third quarter valued at about $38,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Down 0.7 %

Shares of NASDAQ MDLZ opened at $65.56 on Friday. The company has a 50 day simple moving average of $71.52 and a 200 day simple moving average of $69.64. The firm has a market cap of $87.67 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter last year, the business earned $0.82 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on MDLZ shares. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Barclays decreased their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Stifel Nicolaus increased their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company reduced their price objective on shares of 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 sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

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.