Resurgent Financial Advisors LLC Sells 429 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Resurgent Financial Advisors LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,992 shares of the company’s stock after selling 429 shares during the quarter. Mondelez International makes up about 0.9% of Resurgent Financial Advisors LLC’s investment portfolio, making the stock its 26th largest position. Resurgent Financial Advisors LLC’s holdings in Mondelez International were worth $1,546,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Kingsview Wealth Management LLC raised its holdings in Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after acquiring an additional 14,278 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Mondelez International by 11.6% during the third quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock worth $18,349,000 after buying an additional 25,833 shares in the last quarter. BDF Gestion acquired a new stake in Mondelez International during the second quarter worth approximately $6,690,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of Mondelez International by 51.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 61,531 shares of the company’s stock valued at $4,532,000 after purchasing an additional 20,942 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock valued at $31,369,000 after acquiring an additional 404,567 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on MDLZ shares. Stifel Nicolaus raised their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Piper Sandler upped their target price on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group began coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.93.

Mondelez International Price Performance

MDLZ stock opened at $63.27 on Thursday. 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’s 50 day moving average price is $68.45 and its 200 day moving average price is $68.97. Mondelez International, Inc. has a 1 year low of $63.01 and a 1 year high of $77.20. The firm has a market cap of $84.60 billion, a P/E ratio of 22.44, a PEG ratio of 2.93 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, sell-side analysts expect that Mondelez International, Inc. will post 3.48 earnings per share 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.