WoodTrust Financial Corp increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 15.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,744 shares of the company’s stock after buying an additional 508 shares during the period. WoodTrust Financial Corp’s holdings in Mondelez International were worth $276,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in MDLZ. Richardson Financial Services Inc. grew its stake in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Mondelez International in the second quarter valued at about $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International in the second quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International in the second quarter worth approximately $29,000. Finally, Highline Wealth Partners LLC bought a new stake in Mondelez International in the third quarter valued at approximately $38,000. 78.32% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on MDLZ shares. JPMorgan Chase & Co. increased their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Wells Fargo & Company dropped their target price 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. Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Evercore ISI increased their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Barclays decreased their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.31.
Mondelez International Stock Down 3.9 %
Shares of NASDAQ MDLZ opened at $66.37 on Thursday. The business’s fifty day moving average price is $72.14 and its 200-day moving average price is $69.80. Mondelez International, Inc. has a one year low of $64.18 and a one year high of $77.20. The stock has a market capitalization of $88.66 billion, a PE ratio of 23.54, a P/E/G ratio of 2.94 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating 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 firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current 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.
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