Frisch Financial Group Inc. Buys 507 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Frisch Financial Group Inc. boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,678 shares of the company’s stock after buying an additional 507 shares during the quarter. Frisch Financial Group Inc.’s holdings in Mondelez International were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Truvestments Capital LLC purchased a new position in shares of Mondelez International during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. lifted 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 valued at $28,000 after buying an additional 200 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Mondelez International in the 2nd quarter valued at about $29,000. Finally, Highline Wealth Partners LLC bought a new position in Mondelez International in the 3rd quarter worth about $38,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ stock opened at $61.44 on Tuesday. The firm has a 50-day simple moving average of $67.76 and a two-hundred day simple moving average of $68.81. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a one year low of $60.33 and a one year high of $77.20. The firm has a market cap of $82.16 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.84 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MDLZ shares. Evercore ISI lifted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Stifel Nicolaus upped their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company cut their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, December 5th. Finally, Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.64.

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.