Strategic Wealth Investment Group LLC Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Strategic Wealth Investment Group LLC grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 40.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,572 shares of the company’s stock after buying an additional 40,154 shares during the period. Strategic Wealth Investment Group LLC’s holdings in Mondelez International were worth $10,187,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in shares of Mondelez International in the first quarter worth about $1,686,000. Duality Advisers LP acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $4,528,000. BDF Gestion acquired a new stake in shares of Mondelez International during the 2nd quarter worth approximately $6,690,000. M&G Plc purchased a new position in shares of Mondelez International during the 1st quarter valued at approximately $12,010,000. Finally, Advisory Services Network LLC lifted its stake in shares of Mondelez International by 35.3% in the 1st quarter. Advisory Services Network LLC now owns 60,401 shares of the company’s stock valued at $4,228,000 after purchasing an additional 15,746 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on MDLZ shares. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Barclays dropped their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. JPMorgan Chase & Co. upped their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Sanford C. Bernstein dropped their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Piper Sandler cut their price objective on Mondelez International from $76.00 to $74.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.35.

Mondelez International Trading Up 0.4 %

Shares of Mondelez International stock opened at $69.54 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The stock’s 50 day simple moving average is $72.51 and its 200-day simple moving average is $69.73. The stock has a market cap of $93.28 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.98 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $64.18 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Analysts predict that Mondelez International, Inc. will post 3.49 EPS 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.