49 Wealth Management LLC Takes $397,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

49 Wealth Management LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,384 shares of the company’s stock, valued at approximately $397,000.

Other large investors also recently made changes to their positions in the company. BDF Gestion bought a new position in Mondelez International in the 2nd quarter worth approximately $6,690,000. Buckingham Capital Management Inc. lifted its holdings in Mondelez International by 1,554.4% in the 3rd quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock worth $5,483,000 after buying an additional 69,934 shares during the period. RIA Advisory Group LLC bought a new stake in Mondelez International during the 3rd quarter valued at approximately $905,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Mondelez International by 1.5% in the third 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 in the last quarter. Finally, Strategic Wealth Investment Group LLC lifted its position in Mondelez International by 40.4% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock valued at $10,187,000 after acquiring an additional 40,154 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.6 %

MDLZ stock opened at $64.79 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company’s 50-day simple moving average is $70.26 and its 200-day simple moving average is $69.38. The firm has a market cap of $86.64 billion, a P/E ratio of 22.98, a PEG ratio of 2.88 and a beta of 0.55. Mondelez International, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 earnings per share. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. DA Davidson lowered their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. Citigroup reduced their price objective 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. Stifel Nicolaus upped their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Evercore ISI lifted their price objective 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 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.31.

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.