Los Angeles Capital Management LLC Sells 200,222 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Los Angeles Capital Management LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 46.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 228,546 shares of the company’s stock after selling 200,222 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Mondelez International were worth $16,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Carmel Capital Partners LLC acquired a new stake in Mondelez International in the 3rd quarter valued at about $28,000. First Command Advisory Services Inc. acquired a new position in shares of Mondelez International during the 3rd quarter worth approximately $29,000. HHM Wealth Advisors LLC bought a new stake in Mondelez International in the 4th quarter valued at $29,000. Orion Capital Management LLC acquired a new stake in Mondelez International during the 3rd quarter valued at $35,000. Finally, Milestone Investment Advisors LLC bought a new position in Mondelez International during the third quarter worth $56,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.9 %

NASDAQ MDLZ traded down $0.61 on Friday, reaching $69.89. The company had a trading volume of 8,093,601 shares, compared to its average volume of 9,882,163. The firm has a market cap of $94.11 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.44 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. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.54. The business has a 50 day moving average of $70.29 and a two-hundred day moving average of $70.86.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The business’s revenue was up 1.4% on a year-over-year basis. Analysts forecast that Mondelez International, Inc. will post 3.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MDLZ. Barclays cut their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Sanford C. Bernstein boosted their price objective on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. lowered their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Stifel Nicolaus boosted their price target on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $80.75.

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.