3,055 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,055 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC grew its stake in Mondelez International by 14.3% in the 3rd 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 last quarter. Daiwa Securities Group Inc. boosted its holdings in Mondelez International by 11.6% during the third 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 acquired a new stake in shares of Mondelez International in the second quarter valued at about $6,690,000. Harvest Fund Management Co. Ltd increased its stake in shares of Mondelez International by 51.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 61,531 shares of the company’s stock worth $4,532,000 after purchasing an additional 20,942 shares during the period. Finally, RIA Advisory Group LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth about $905,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 0.4 %

NASDAQ:MDLZ opened at $65.23 on Tuesday. The stock’s fifty day simple moving average is $69.04 and its 200-day simple moving average is $69.10. The firm has a market capitalization of $87.23 billion, a P/E ratio of 23.13, a P/E/G ratio of 2.93 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.63 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. Equities research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on MDLZ shares. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Citigroup lowered their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Stifel Nicolaus upped 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. The Goldman Sachs Group began 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. Finally, 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 report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.93.

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.