Hunter Associates Investment Management LLC Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Hunter Associates Investment Management LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,683 shares of the company’s stock after purchasing an additional 551 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Mondelez International were worth $2,404,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Hennion & Walsh Asset Management Inc. grew its holdings in Mondelez International by 36.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 15,164 shares of the company’s stock valued at $1,061,000 after buying an additional 4,014 shares during the period. Miracle Mile Advisors LLC raised its stake in Mondelez International by 5.0% during the first quarter. Miracle Mile Advisors LLC now owns 9,558 shares of the company’s stock worth $669,000 after purchasing an additional 451 shares during the period. Silverlake Wealth Management LLC boosted its holdings in shares of Mondelez International by 10.9% in the 1st quarter. Silverlake Wealth Management LLC now owns 4,896 shares of the company’s stock valued at $343,000 after purchasing an additional 482 shares during the last quarter. Handelsinvest Investeringsforvaltning grew its stake in shares of Mondelez International by 1.5% during the 1st quarter. Handelsinvest Investeringsforvaltning now owns 23,123 shares of the company’s stock valued at $1,619,000 after buying an additional 342 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Mondelez International by 2.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,616,548 shares of the company’s stock worth $253,158,000 after buying an additional 69,452 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.4 %

Shares of MDLZ opened at $69.54 on Tuesday. Mondelez International, Inc. has a one year low of $64.18 and a one year high of $77.20. The stock has a 50-day moving average price of $72.51 and a 200 day moving average price of $69.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The company has a market capitalization of $93.28 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.98 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday. Barclays decreased their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Citigroup boosted their price objective on shares of Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Piper Sandler cut their target price on shares of Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $79.35.

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.