Commonwealth Equity Services LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 425,746 shares of the company’s stock after acquiring an additional 2,591 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Mondelez International were worth $31,054,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Legacy Capital Group California Inc. boosted its stake in shares of Mondelez International by 2.7% during the second quarter. Legacy Capital Group California Inc. now owns 6,647 shares of the company’s stock valued at $485,000 after purchasing an additional 177 shares during the period. Bedel Financial Consulting Inc. bought a new stake in Mondelez International during the 2nd quarter valued at about $319,000. Great Lakes Advisors LLC lifted its holdings in Mondelez International by 16.8% during the 2nd quarter. Great Lakes Advisors LLC now owns 1,071,961 shares of the company’s stock valued at $78,189,000 after buying an additional 154,332 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Mondelez International in the 2nd quarter valued at about $1,120,000. Finally, Cary Street Partners Investment Advisory LLC grew its stake in Mondelez International by 3.4% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 23,821 shares of the company’s stock worth $1,738,000 after acquiring an additional 784 shares in the last quarter. Hedge funds and other institutional investors own 76.16% of the company’s stock.
Analyst Ratings Changes
MDLZ has been the subject of several research analyst reports. Piper Sandler lifted their price target on shares of Mondelez International from $71.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. BNP Paribas raised Mondelez International from a “neutral” rating to an “outperform” rating and set a $75.00 target price for the company in a research report on Tuesday, October 17th. The Goldman Sachs Group dropped their price target on Mondelez International from $89.00 to $86.00 in a research report on Wednesday, October 4th. Barclays decreased their price objective on Mondelez International from $82.00 to $78.00 in a report on Tuesday, October 3rd. Finally, TD Cowen began coverage on shares of Mondelez International in a report on Wednesday, September 13th. They set an “outperform” rating and a $82.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $79.11.
Mondelez International Price Performance
NASDAQ MDLZ opened at $70.63 on Monday. The firm’s fifty day simple moving average is $67.68 and its two-hundred day simple moving average is $71.45. The firm has a market capitalization of $96.12 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.45 and a beta of 0.66. The company has a current ratio of 0.61, a quick ratio of 0.41 and a debt-to-equity ratio of 0.57. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.59.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last announced its earnings results on Wednesday, November 1st. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. Mondelez International had a return on equity of 15.59% and a net margin of 12.97%. The firm had revenue of $9.03 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the previous year, the business earned $0.74 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. Analysts forecast that Mondelez International, Inc. will post 3.23 EPS for the current fiscal year.
Mondelez International Company 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.
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