Darwin Wealth Management LLC Acquires New Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Darwin Wealth Management LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 720 shares of the company’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BDF Gestion bought a new position in Mondelez International during the 2nd quarter valued at approximately $6,690,000. Buckingham Capital Management Inc. boosted its stake in Mondelez International by 1,554.4% during the 3rd quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock valued at $5,483,000 after purchasing an additional 69,934 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Mondelez International by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,445,724 shares of the company’s stock valued at $253,846,000 after purchasing an additional 50,094 shares during the last quarter. Strategic Wealth Investment Group LLC boosted its stake in Mondelez International by 40.4% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock valued at $10,187,000 after purchasing an additional 40,154 shares during the last quarter. Finally, RIA Advisory Group LLC purchased a new stake in Mondelez International during the 3rd quarter valued at $905,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the topic of several recent analyst reports. DA Davidson cut their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Evercore ISI raised their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Bank of America raised their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Citigroup dropped their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group assumed coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $64.42 on Thursday. The firm’s fifty day moving average is $70.45 and its two-hundred day moving average is $69.42. Mondelez International, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20. The company has a market cap of $86.14 billion, a P/E ratio of 22.84, a P/E/G ratio of 2.88 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping 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 company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts anticipate that Mondelez International, Inc. will post 3.48 EPS 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.