Investmark Advisory Group LLC Makes New $885,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Investmark Advisory Group LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,006 shares of the company’s stock, valued at approximately $885,000.

Several other large investors also recently bought and sold shares of the company. FMR LLC lifted its stake in Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock worth $1,268,242,000 after buying an additional 489,068 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Mondelez International by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock worth $749,467,000 after acquiring an additional 293,773 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Mondelez International by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock valued at $587,094,000 after purchasing an additional 1,071,719 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Piper Sandler raised their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. 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. Finally, Stifel Nicolaus boosted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $79.93.

Mondelez International Trading Up 0.4 %

Shares of NASDAQ:MDLZ opened at $65.23 on Tuesday. The company has a market cap of $87.22 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The stock has a 50 day moving average of $69.04 and a 200 day moving average of $69.10. 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, Inc. has a 12-month low of $63.40 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the company posted $0.82 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.48 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.