Cadence Bank Buys 461 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Cadence Bank raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,799 shares of the company’s stock after buying an additional 461 shares during the period. Cadence Bank’s holdings in Mondelez International were worth $869,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. Kingsview Wealth Management LLC grew its position in Mondelez International by 14.3% during the third 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 during the period. Daiwa Securities Group Inc. grew its position in shares of Mondelez International by 11.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock valued at $18,349,000 after acquiring an additional 25,833 shares during the period. BDF Gestion bought a new stake in shares of Mondelez International during the 2nd quarter valued at $6,690,000. RIA Advisory Group LLC purchased a new stake in shares of Mondelez International in the 3rd quarter worth $905,000. Finally, Buckingham Capital Management Inc. raised 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 purchasing an additional 69,934 shares during the period. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the subject of several recent research reports. Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. boosted their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Piper Sandler lifted their price target on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, DA Davidson reduced their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $80.13.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $65.06 on Thursday. The firm has a market cap of $87.00 billion, a PE ratio of 23.07, a PEG ratio of 2.93 and a beta of 0.55. The stock has a 50 day moving average of $69.42 and a 200 day moving average of $69.22. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12 month low of $63.40 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted 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. 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 during the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the prior year, the company earned $0.82 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

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.