Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Northcape Wealth Management LLC

Northcape Wealth Management LLC lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,215 shares of the company’s stock after buying an additional 930 shares during the period. Northcape Wealth Management LLC’s holdings in Mondelez International were worth $2,005,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BDF Gestion purchased a new position in Mondelez International in the second quarter valued at about $6,690,000. M&G Plc acquired a new position in shares of Mondelez International during the 1st quarter worth $12,010,000. Strategic Wealth Investment Group LLC boosted its position in shares of Mondelez International by 40.4% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock worth $10,187,000 after buying an additional 40,154 shares in the last quarter. Buckingham Capital Management Inc. grew its position in shares of Mondelez International by 1,554.4% in the third quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock valued at $5,483,000 after purchasing an additional 69,934 shares during the last quarter. Finally, Czech National Bank boosted its stake in shares of Mondelez International by 6.5% during the third quarter. Czech National Bank now owns 272,116 shares of the company’s stock valued at $20,047,000 after acquiring an additional 16,507 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Piper Sandler raised their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. DA Davidson lowered their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group assumed coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Bank of America upped their price target on 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Stock Down 1.6 %

NASDAQ:MDLZ opened at $64.49 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average of $71.11 and a 200-day moving average of $69.56. The firm has a market capitalization of $86.24 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55. Mondelez International, Inc. has a 52 week low of $63.91 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 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 business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International 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.