SevenBridge Financial Group LLC Purchases 2,120 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

SevenBridge Financial Group LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,133 shares of the company’s stock after purchasing an additional 2,120 shares during the period. SevenBridge Financial Group LLC’s holdings in Mondelez International were worth $2,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Axiom Advisory LLC lifted its holdings in shares of Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares in the last quarter. Sachetta LLC increased its position in Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after acquiring an additional 149 shares during the period. Hazlett Burt & Watson Inc. raised its stake in Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares in the last quarter. Carnegie Investment Counsel boosted its holdings in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after purchasing an additional 151 shares during the period. Finally, Global Financial Private Client LLC grew its position in shares of Mondelez International by 8.4% during the 1st quarter. Global Financial Private Client LLC now owns 1,966 shares of the company’s stock worth $137,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.6 %

Shares of NASDAQ:MDLZ opened at $64.40 on Friday. 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, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20. The company has a market capitalization of $86.12 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55. The company has a fifty day moving average of $70.04 and a 200-day moving average of $69.33.

Mondelez International (NASDAQ:MDLZ) last issued its 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. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on MDLZ shares. Stifel Nicolaus lifted their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Bank of America upped their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Citigroup decreased their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Finally, Evercore ISI increased their price target 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. One 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

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.