Mondelez International, Inc. (NASDAQ:MDLZ) Stake Increased by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,641 shares of the company’s stock after buying an additional 163 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Mondelez International were worth $563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Mondelez International in the second quarter worth about $26,000. Lynx Investment Advisory acquired a new stake in Mondelez International during the 2nd quarter worth about $27,000. Richardson Financial Services Inc. raised its holdings 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 buying an additional 200 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Mondelez International during the 2nd quarter worth about $29,000. Finally, ESL Trust Services LLC acquired a new stake in Mondelez International during the 1st quarter worth about $38,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MDLZ shares. DA Davidson reduced their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Evercore ISI increased their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Citigroup dropped their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Price Performance

Shares of MDLZ stock opened at $66.37 on Thursday. The stock has a 50-day moving average price of $72.14 and a 200 day moving average price of $69.80. 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 firm has a market cap of $88.66 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.94 and a beta of 0.55. Mondelez International, Inc. has a 12 month low of $64.18 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 previous year, the business posted $0.82 EPS. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts expect that Mondelez International, Inc. will post 3.49 EPS 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.