Cobblestone Capital Advisors LLC NY Increases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Cobblestone Capital Advisors LLC NY lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 25.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,993 shares of the company’s stock after buying an additional 815 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Mondelez International were worth $294,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Truvestments Capital LLC purchased a new position in Mondelez International during the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International in the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International in the 2nd quarter valued at $27,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the 3rd quarter valued at $27,000. Finally, Richardson Financial Services Inc. grew its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Evercore ISI upped their target price 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. The Goldman Sachs Group initiated coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Bank of America lifted their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Piper Sandler upped their price target on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus boosted their price objective 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. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.93.

Mondelez International Stock Performance

Shares of MDLZ opened at $64.95 on Monday. 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 has a 50-day simple moving average of $69.04 and a 200-day simple moving average of $69.10. Mondelez International, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20. The company has a market capitalization of $86.85 billion, a PE ratio of 23.03, a P/E/G ratio of 2.93 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping 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 business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal 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.