49 Wealth Management LLC Makes New $397,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

49 Wealth Management LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, Holdings Channel reports. The fund purchased 5,384 shares of the company’s stock, valued at approximately $397,000.

Other institutional investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International during the 2nd quarter worth $26,000. Lynx Investment Advisory purchased a new position in shares of Mondelez International during the 2nd quarter worth approximately $27,000. Prospera Private Wealth LLC acquired a new position in Mondelez International during the third quarter worth $27,000. Richardson Financial Services Inc. grew its stake 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 worth $28,000 after purchasing an additional 200 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Mondelez International in the 2nd quarter valued at about $29,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MDLZ. Wells Fargo & Company dropped their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Stifel Nicolaus lifted their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Piper Sandler upped their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. 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 price target for the company. Finally, DA Davidson reduced their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $64.79 on Friday. 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 company’s fifty day moving average price is $70.26 and its two-hundred day moving average price is $69.38. The firm has a market capitalization of $86.64 billion, a P/E ratio of 22.98, a P/E/G ratio of 2.88 and a beta of 0.55. Mondelez International, Inc. has a 12 month low of $63.40 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS 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 business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Company 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.