2,901 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by Resolute Advisors LLC

Resolute Advisors LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,901 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its stake in Mondelez International by 5.8% in the first quarter. Oppenheimer & Co. Inc. now owns 42,037 shares of the company’s stock valued at $2,943,000 after buying an additional 2,296 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in Mondelez International by 13.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 134,528 shares of the company’s stock valued at $9,417,000 after purchasing an additional 16,143 shares during the last quarter. NTV Asset Management LLC boosted its stake in Mondelez International by 47.9% during the 1st quarter. NTV Asset Management LLC now owns 5,090 shares of the company’s stock worth $356,000 after purchasing an additional 1,649 shares during the period. KCM Investment Advisors LLC grew its position in Mondelez International by 2.1% during the 1st quarter. KCM Investment Advisors LLC now owns 10,487 shares of the company’s stock worth $734,000 after purchasing an additional 219 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC increased its stake in Mondelez International by 5.9% in the first quarter. Reynders McVeigh Capital Management LLC now owns 5,761 shares of the company’s stock valued at $404,000 after purchasing an additional 321 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on MDLZ shares. Sanford C. Bernstein reduced their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. JPMorgan Chase & Co. upped their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Redburn Atlantic assumed coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Barclays dropped their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Finally, Bank of America raised their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Stock Up 0.7 %

Shares of Mondelez International stock opened at $66.20 on Friday. 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 $64.18 and a 12-month high of $77.20. The firm has a market capitalization of $88.52 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 2.85 and a beta of 0.55. The stock’s fifty day moving average is $71.93 and its 200-day moving average is $69.75.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. Equities analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

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.