Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,718 shares of the company’s stock after buying an additional 600 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Mondelez International were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin Edwards Inc. increased its holdings in shares of Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after buying an additional 404,567 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth approximately $225,000. FSA Wealth Management LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth approximately $47,000. B&L Asset Management LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth approximately $378,000. Finally, Erste Asset Management GmbH acquired a new stake in shares of Mondelez International during the 3rd quarter worth approximately $2,337,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. Piper Sandler lifted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $79.93.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $65.23 on Tuesday. 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 52 week low of $63.40 and a 52 week high of $77.20. The stock has a market capitalization of $87.22 billion, a PE ratio of 23.13, a P/E/G ratio of 2.93 and a beta of 0.53. The firm has a 50 day moving average of $69.04 and a two-hundred day moving average of $69.10.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data 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. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. On average, research analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal 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.