Leslie Global Wealth LLC Buys Shares of 3,451 Mondelez International, Inc. (NASDAQ:MDLZ)

Leslie Global Wealth LLC bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,451 shares of the company’s stock, valued at approximately $254,000.

Several other large investors also recently added to or reduced their stakes in MDLZ. Avidian Wealth Enterprises LLC lifted its stake in shares of Mondelez International by 2.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock valued at $563,000 after purchasing an additional 163 shares during the last quarter. FSM Wealth Advisors LLC lifted its stake in shares of Mondelez International by 9.4% in the 3rd quarter. FSM Wealth Advisors LLC now owns 5,900 shares of the company’s stock valued at $435,000 after purchasing an additional 507 shares during the last quarter. Alterna Wealth Management Inc. acquired a new position in shares of Mondelez International in the 3rd quarter valued at $217,000. Catalyst Capital Advisors LLC lifted its stake in shares of Mondelez International by 174.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,568 shares of the company’s stock valued at $263,000 after purchasing an additional 2,266 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its stake in shares of Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after purchasing an additional 150 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of several recent analyst reports. Piper Sandler upped their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Citigroup decreased their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their target price on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Bank of America increased their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Price Performance

MDLZ stock opened at $69.05 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The firm has a market capitalization of $92.24 billion, a P/E ratio of 24.49, a P/E/G ratio of 2.94 and a beta of 0.55. The business’s 50-day moving average is $72.24 and its two-hundred day moving average is $69.82. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released 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. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

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.