2,842 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by Lewis Asset Management LLC

Lewis Asset Management LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,842 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International during the second quarter worth $26,000. Lynx Investment Advisory purchased a new position in shares of Mondelez International in the 2nd quarter valued at about $27,000. Richardson Financial Services Inc. increased its holdings in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Mondelez International during the 2nd quarter worth about $29,000. Finally, ESL Trust Services LLC acquired a new position in Mondelez International in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MDLZ. Barclays cut their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Piper Sandler raised their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and sixteen have assigned 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 target price of $80.31.

Mondelez International Stock Down 1.0 %

Shares of NASDAQ:MDLZ opened at $65.72 on Friday. Mondelez International, Inc. has a fifty-two week low of $64.18 and a fifty-two week high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm’s 50-day simple moving average is $72.14 and its 200-day simple moving average is $69.80. The company has a market cap of $87.79 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 2.94 and a beta of 0.55.

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