FSM Wealth Advisors LLC Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

FSM Wealth Advisors LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,900 shares of the company’s stock after purchasing an additional 507 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Mondelez International were worth $435,000 at the end of the most recent reporting period.

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

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $68.36 on Tuesday. 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 quick ratio of 0.42 and a current ratio of 0.63. The company has a market capitalization of $91.32 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 2.94 and a beta of 0.55. The company’s fifty day moving average price is $72.28 and its 200 day moving average price is $69.82.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. On average, research analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on MDLZ. Bank of America raised their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company dropped their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Piper Sandler raised their price target on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Evercore ISI lifted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, Citigroup cut 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. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

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.