Empirical Finance LLC Purchases 927 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Empirical Finance LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,200 shares of the company’s stock after purchasing an additional 927 shares during the period. Empirical Finance LLC’s holdings in Mondelez International were worth $3,477,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International in the 2nd quarter worth approximately $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International in the second quarter worth $27,000. Richardson Financial Services Inc. raised its position in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Mondelez International during the 2nd quarter valued at $29,000. Finally, ESL Trust Services LLC bought a new position in Mondelez International in the 1st quarter worth $38,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Shares of MDLZ opened at $65.08 on Friday. The company has a 50 day moving average of $71.52 and a two-hundred day moving average of $69.64. The company has a market cap of $87.02 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a twelve month low of $64.18 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the previous year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDLZ has been the topic of several recent analyst reports. Evercore ISI lifted their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Redburn Atlantic assumed coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Bank of America boosted their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus raised their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

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.