Horizon Kinetics Asset Management LLC Increases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Horizon Kinetics Asset Management LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,429 shares of the company’s stock after acquiring an additional 1,112 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Mondelez International were worth $1,210,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International in the second quarter worth $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International during the second quarter valued at $27,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International during the third quarter valued at $27,000. Finally, Richardson Financial Services Inc. boosted its position in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Piper Sandler boosted their target price on 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 on the stock in a research report on Wednesday, October 30th. 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 report on Wednesday, October 30th. DA Davidson lowered their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, 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. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Stock Up 0.8 %

Shares of MDLZ opened at $64.94 on Tuesday. The business’s 50 day simple moving average is $69.83 and its 200-day simple moving average is $69.29. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20. 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 stock has a market capitalization of $86.84 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter last year, the business earned $0.82 earnings per share. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities 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.