Cerity Partners LLC Purchases 164,491 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Cerity Partners LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 26.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 792,858 shares of the company’s stock after purchasing an additional 164,491 shares during the period. Cerity Partners LLC owned about 0.06% of Mondelez International worth $58,424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in MDLZ. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International in the second quarter worth approximately $26,000. Lynx Investment Advisory purchased a new stake in Mondelez International in the second quarter worth $27,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the third quarter worth $27,000. Richardson Financial Services Inc. lifted its stake in 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 during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Mondelez International in the second quarter worth $29,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on MDLZ. The Goldman Sachs Group began coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. Citigroup dropped their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. DA Davidson dropped their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Piper Sandler raised their price target on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $64.40 on Friday. Mondelez International, Inc. has a 1-year low of $63.40 and a 1-year high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The business has a fifty day moving average price of $70.04 and a 200-day moving average price of $69.33. The company has a market capitalization of $86.12 billion, a PE ratio of 22.84, a PEG ratio of 2.93 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results 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 firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the company earned $0.82 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. As a group, equities analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal 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.