Beaton Management Co. Inc. Has $1.23 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Beaton Management Co. Inc. cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,691 shares of the company’s stock after selling 200 shares during the quarter. Beaton Management Co. Inc.’s holdings in Mondelez International were worth $1,230,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

MDLZ has been the topic of several recent research reports. 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 research report on Tuesday, October 15th. DA Davidson decreased their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Citigroup lowered their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Stock Performance

MDLZ stock opened at $64.49 on Friday. The stock 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 company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The company has a 50 day moving average price of $71.11 and a 200 day moving average price of $69.55. Mondelez International, Inc. has a fifty-two week low of $63.91 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released 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. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 earnings per share. Analysts forecast 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.