Prospera Financial Services Inc Acquires 1,362 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Prospera Financial Services Inc raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,150 shares of the company’s stock after purchasing an additional 1,362 shares during the quarter. Prospera Financial Services Inc’s holdings in Mondelez International were worth $3,843,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MDLZ. BDF Gestion bought a new stake in Mondelez International during the 2nd quarter valued at about $6,690,000. Buckingham Capital Management Inc. grew its stake in Mondelez International by 1,554.4% in the third quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock worth $5,483,000 after purchasing an additional 69,934 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings 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 worth $253,846,000 after purchasing an additional 50,094 shares during the period. Strategic Wealth Investment Group LLC increased its stake in shares of Mondelez International by 40.4% during the third quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock valued at $10,187,000 after buying an additional 40,154 shares during the period. Finally, RIA Advisory Group LLC bought a new position in shares of Mondelez International during the third quarter valued at approximately $905,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDLZ has been the subject of a number of analyst reports. Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. DA Davidson decreased their price objective 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. raised their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group started coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. Finally, Evercore ISI raised their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Price Performance

Shares of MDLZ opened at $63.87 on Wednesday. The firm has a market capitalization of $85.41 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 2.91 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 fifty day moving average price is $70.65 and its 200-day moving average price is $69.45. Mondelez International, Inc. has a 1-year low of $63.40 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released 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 firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

About Mondelez International

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.