International Private Wealth Advisors LLC Buys New Position in Mondelez International, Inc. (NASDAQ:MDLZ)

International Private Wealth Advisors LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,760 shares of the company’s stock, valued at approximately $203,000.

A number of other large investors have also modified their holdings of MDLZ. Richardson Financial Services Inc. increased its holdings in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in Mondelez International in the second quarter valued at $26,000. Lynx Investment Advisory acquired a new position in Mondelez International in the 2nd quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International during the 2nd quarter worth approximately $29,000. Finally, Highline Wealth Partners LLC purchased a new position in Mondelez International during the third quarter valued at $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Bank of America raised their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Piper Sandler raised their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. DA Davidson lowered their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Sanford C. Bernstein dropped their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. One equities research 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Stock Performance

Shares of MDLZ stock traded down $0.33 during midday trading on Thursday, hitting $65.67. The company had a trading volume of 456,356 shares, compared to its average volume of 6,744,749. The stock has a market cap of $87.81 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 3.00 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. The company’s 50 day simple moving average is $71.52 and its 200 day simple moving average is $69.64. Mondelez International, Inc. has a 52-week low of $64.18 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 earnings per share. Research analysts anticipate 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.