Modera Wealth Management LLC Has $5.66 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Modera Wealth Management LLC lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,936 shares of the company’s stock after buying an additional 9,730 shares during the period. Modera Wealth Management LLC’s holdings in Mondelez International were worth $5,661,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MDLZ. Rossby Financial LCC grew its position in Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after acquiring an additional 406 shares during the last quarter. Financial Connections Group Inc. bought a new stake in shares of Mondelez International during the 2nd quarter valued at approximately $33,000. Saudi Central Bank bought a new stake in shares of Mondelez International during the 1st quarter valued at approximately $36,000. E Fund Management Hong Kong Co. Ltd. increased its position in Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after purchasing an additional 163 shares in the last quarter. Finally, Concord Wealth Partners lifted its stake in Mondelez International by 204.9% in the 2nd quarter. Concord Wealth Partners now owns 625 shares of the company’s stock valued at $42,000 after purchasing an additional 420 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on MDLZ. Bank of America decreased their target price on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Piper Sandler cut their price objective on Mondelez International from $67.00 to $63.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Barclays lowered their target price on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Wells Fargo & Company dropped their target price on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. reduced their price target on Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.68.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.18 on Friday. The stock has a market capitalization of $73.99 billion, a PE ratio of 21.42, a PEG ratio of 5.34 and a beta of 0.42. The business’s 50 day simple moving average is $61.31 and its 200 day simple moving average is $64.48. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm had revenue of $7.30 billion for the quarter. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International 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.