Captrust Financial Advisors Lowers Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Captrust Financial Advisors decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 178,745 shares of the company’s stock after selling 1,638 shares during the period. Captrust Financial Advisors’ holdings in Mondelez International were worth $13,168,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Kingsview Wealth Management LLC lifted its position in shares of Mondelez International by 14.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after buying an additional 14,278 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Mondelez International by 11.6% during the third quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock valued at $18,349,000 after purchasing an additional 25,833 shares in the last quarter. BDF Gestion acquired a new stake in shares of Mondelez International in the second quarter valued at about $6,690,000. Harvest Fund Management Co. Ltd increased its stake in shares of Mondelez International by 51.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 61,531 shares of the company’s stock worth $4,532,000 after purchasing an additional 20,942 shares in the last quarter. Finally, RIA Advisory Group LLC purchased a new stake in shares of Mondelez International during the third quarter worth about $905,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $64.95 on Monday. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The stock’s fifty day moving average is $69.04 and its two-hundred day moving average is $69.10. The company has a market capitalization of $86.85 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.93 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (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 firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the firm earned $0.82 EPS. Mondelez International’s revenue was up 1.9% on a year-over-year basis. Equities analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MDLZ. Stifel Nicolaus lifted their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Citigroup lowered their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Piper Sandler lifted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company reduced their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.93.

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.