2,873 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Purchased by Baron Wealth Management LLC

Baron Wealth Management LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,873 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors have also added to or reduced their stakes in the company. Mizuho Securities USA LLC increased its stake in Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after purchasing an additional 12,470,573 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Mondelez International by 40.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares during the last quarter. Capital Research Global Investors increased its stake in Mondelez International by 7.3% in the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after buying an additional 2,206,023 shares during the period. Wulff Hansen & CO. lifted its holdings in Mondelez International by 6,311.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock valued at $114,575,000 after buying an additional 1,723,537 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Mondelez International by 231.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock valued at $118,101,000 after buying an additional 1,260,124 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MDLZ. The Goldman Sachs Group initiated coverage on Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Piper Sandler boosted their price target on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. DA Davidson dropped their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $63.87 on Wednesday. The firm has a market capitalization of $85.41 billion, a P/E ratio of 22.65, a P/E/G ratio of 2.91 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 52 week low of $63.40 and a 52 week high of $77.20. The firm’s 50 day moving average is $70.65 and its two-hundred day moving average is $69.45.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating 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 business had revenue of $9.20 billion during 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 business’s quarterly revenue was up 1.9% on a year-over-year basis. Research analysts forecast 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.