White Lighthouse Investment Management Inc. Takes $253,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

White Lighthouse Investment Management Inc. purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,428 shares of the company’s stock, valued at approximately $253,000.

Other large investors have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Mondelez International during the second quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International during the second quarter valued at $27,000. Richardson Financial Services Inc. increased its holdings in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International in the second quarter worth about $29,000. Finally, ESL Trust Services LLC bought a new stake in shares of Mondelez International in the first quarter worth about $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MDLZ. DA Davidson decreased their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their target price on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Sanford C. Bernstein dropped their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Stifel Nicolaus boosted their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Barclays decreased their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded down $1.51 on Wednesday, reaching $67.54. 545,659 shares of the company’s stock were exchanged, compared to its average volume of 6,743,621. 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 fifty-two week low of $64.18 and a fifty-two week high of $77.20. The business’s 50-day moving average is $72.24 and its two-hundred day moving average is $69.82. The firm has a market capitalization of $90.22 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 2.94 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the company earned $0.82 EPS. Mondelez International’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current year.

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.