Atlanta Consulting Group Advisors LLC Has $475,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Atlanta Consulting Group Advisors LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,450 shares of the company’s stock after purchasing an additional 215 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Mondelez International were worth $475,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in Mondelez International during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory bought a new stake in shares of Mondelez International in the second quarter worth $27,000. Richardson Financial Services Inc. increased its holdings in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International during the 2nd quarter worth $29,000. Finally, Highline Wealth Partners LLC acquired a new position in Mondelez International during the 3rd quarter worth about $38,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $64.49 on Monday. Mondelez International, Inc. has a 12 month low of $63.91 and a 12 month high of $77.20. The firm has a market capitalization of $86.24 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55. The firm has a fifty day simple moving average of $71.11 and a two-hundred day simple moving average of $69.54. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several recent research reports. Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. The Goldman Sachs Group began coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Citigroup reduced 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. Piper Sandler lifted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus upped their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.31.

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.