Community Bank & Trust Waco Texas Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Community Bank & Trust Waco Texas increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,473 shares of the company’s stock after purchasing an additional 583 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Mondelez International were worth $2,761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International during the second quarter valued at about $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International during the second quarter valued at about $27,000. Richardson Financial Services Inc. lifted its stake in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Mondelez International during the 2nd quarter valued at approximately $29,000. Finally, ESL Trust Services LLC acquired a new position in shares of Mondelez International in the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Mondelez International stock opened at $66.52 on Wednesday. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20. The company’s 50-day moving average is $71.82 and its two-hundred day moving average is $69.70. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a market cap of $88.95 billion, a PE ratio of 23.59, a PEG ratio of 2.99 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating 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 analyst estimates of $9.11 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on MDLZ shares. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Piper Sandler lifted their target price on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Barclays dropped their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. The Goldman Sachs Group began coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Finally, Citigroup decreased their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One 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 a consensus rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Company 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.