Townsquare Capital LLC Has $6.80 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Townsquare Capital LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 213.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 92,279 shares of the company’s stock after acquiring an additional 62,877 shares during the period. Townsquare Capital LLC’s holdings in Mondelez International were worth $6,798,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MDLZ. Truvestments Capital LLC acquired a new stake in Mondelez International in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Mondelez International in the second quarter worth $26,000. Lynx Investment Advisory bought a new stake in Mondelez International in the second quarter worth $27,000. Prospera Private Wealth LLC acquired a new position in Mondelez International during the third quarter worth $27,000. Finally, Richardson Financial Services Inc. lifted its position 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 buying an additional 200 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Evercore ISI increased their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. The Goldman Sachs Group started coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. Piper Sandler boosted their price objective 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. Stifel Nicolaus raised their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Citigroup cut their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.93.

Mondelez International Price Performance

Shares of MDLZ stock opened at $65.06 on Friday. Mondelez International, Inc. has a 12 month low of $63.40 and a 12 month high of $77.20. The company has a market capitalization of $87.00 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.93 and a beta of 0.55. The stock has a 50 day moving average of $69.23 and a two-hundred day moving average of $69.19. 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 (NASDAQ:MDLZ) last issued 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. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.82 earnings per share. As a group, equities analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

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.