2,789 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by Savvy Advisors Inc.

Savvy Advisors Inc. purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,789 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BDF Gestion acquired a new position in Mondelez International in the 2nd quarter valued at $6,690,000. M&G Plc bought a new position in shares of Mondelez International in the first quarter worth about $12,010,000. Strategic Wealth Investment Group LLC increased its stake in shares of Mondelez International by 40.4% in the third quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock worth $10,187,000 after purchasing an additional 40,154 shares during the period. TD Asset Management Inc boosted its stake in Mondelez International by 3.5% during the 1st quarter. TD Asset Management Inc now owns 1,025,760 shares of the company’s stock valued at $71,803,000 after purchasing an additional 34,404 shares during the period. Finally, Czech National Bank boosted its stake in Mondelez International by 6.5% during the 3rd quarter. Czech National Bank now owns 272,116 shares of the company’s stock valued at $20,047,000 after purchasing an additional 16,507 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Barclays reduced their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Evercore ISI boosted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. The Goldman Sachs Group began coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. Finally, Bank of America lifted their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Stock Performance

Mondelez International stock opened at $66.00 on Thursday. Mondelez International, Inc. has a 52-week low of $64.18 and a 52-week high of $77.20. 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 stock has a fifty day moving average price of $71.70 and a two-hundred day moving average price of $69.67. The firm has a market capitalization of $88.25 billion, a P/E ratio of 23.40, a P/E/G ratio of 3.00 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 net margin of 10.58% and a return on equity of 17.53%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. As a group, analysts anticipate that Mondelez International, Inc. will post 3.48 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.