Hantz Financial Services Inc. Has $2.20 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Hantz Financial Services Inc. decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 57.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 29,818 shares of the company’s stock after selling 39,544 shares during the period. Hantz Financial Services Inc.’s holdings in Mondelez International were worth $2,197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC increased its stake in Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock valued at $1,268,242,000 after purchasing an additional 489,068 shares in the last quarter. Mizuho Securities USA LLC grew its stake in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after purchasing an additional 12,470,573 shares during the period. Legal & General Group Plc raised its holdings in shares of Mondelez International by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock worth $749,467,000 after buying an additional 293,773 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Mondelez International by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock worth $587,094,000 after buying an additional 1,071,719 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Down 0.2 %

Shares of NASDAQ MDLZ opened at $64.95 on Friday. The firm has a 50 day moving average price of $69.04 and a 200 day moving average price of $69.12. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a market cap of $86.85 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.94 and a beta of 0.55. Mondelez International, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 the consensus estimate of $9.11 billion. During the same quarter last year, the business posted $0.82 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MDLZ. Wells Fargo & Company lowered their price target on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. Stifel Nicolaus lifted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Piper Sandler upped their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Citigroup cut their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.93.

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.