Howe & Rusling Inc. Has $7.98 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Howe & Rusling Inc. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 108,370 shares of the company’s stock after selling 308 shares during the quarter. Howe & Rusling Inc.’s holdings in Mondelez International were worth $7,984,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. Bessemer Group Inc. grew its stake in Mondelez International by 16.6% during the 1st quarter. Bessemer Group Inc. now owns 96,939 shares of the company’s stock valued at $6,785,000 after acquiring an additional 13,793 shares in the last quarter. Lake Street Advisors Group LLC lifted its position in Mondelez International by 39.2% in the 1st quarter. Lake Street Advisors Group LLC now owns 10,148 shares of the company’s stock worth $715,000 after buying an additional 2,859 shares in the last quarter. Natixis acquired a new stake in shares of Mondelez International during the 1st quarter valued at $502,000. Crewe Advisors LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at $146,000. Finally, EP Wealth Advisors LLC increased its stake in shares of Mondelez International by 5.6% in the first quarter. EP Wealth Advisors LLC now owns 22,500 shares of the company’s stock worth $1,575,000 after acquiring an additional 1,198 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.0 %

Shares of Mondelez International stock opened at $63.87 on Wednesday. Mondelez International, Inc. has a 12-month low of $63.40 and a 12-month high of $77.20. The company has a 50-day simple moving average of $70.65 and a 200 day simple moving average of $69.45. 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 stock has a market capitalization of $85.41 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results 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. 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 during the quarter, compared to analysts’ expectations of $9.11 billion. During the same period last year, the firm posted $0.82 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MDLZ shares. The Goldman Sachs Group assumed coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Stifel Nicolaus raised their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Piper Sandler upped their price target on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average target price of $80.31.

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.