Logan Capital Management Inc. Acquires 107,314 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Logan Capital Management Inc. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 73.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 254,289 shares of the company’s stock after buying an additional 107,314 shares during the period. Logan Capital Management Inc.’s holdings in Mondelez International were worth $18,733,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Benjamin Edwards Inc. lifted its stake in shares of Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after buying an additional 404,567 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in Mondelez International by 14.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after acquiring an additional 14,278 shares during the period. Daiwa Securities Group Inc. lifted its position in Mondelez International by 11.6% during the third quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock worth $18,349,000 after acquiring an additional 25,833 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Mondelez International by 0.7% during the third quarter. HighTower Advisors LLC now owns 1,354,879 shares of the company’s stock worth $99,822,000 after acquiring an additional 9,789 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its position in shares of Mondelez International by 51.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 61,531 shares of the company’s stock valued at $4,532,000 after purchasing an additional 20,942 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.4 %

Shares of Mondelez International stock traded down $0.25 on Friday, hitting $62.38. The stock had a trading volume of 303,785 shares, compared to its average volume of 6,881,698. The stock has a 50 day moving average of $67.18 and a 200 day moving average of $68.68. 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 twelve month low of $60.33 and a twelve month high of $77.20. The firm has a market capitalization of $83.41 billion, a P/E ratio of 22.21, a PEG ratio of 2.85 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the previous year, the business earned $0.82 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MDLZ shares. Piper Sandler boosted their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, December 5th. Bank of America boosted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus increased their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.07.

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.