Avestar Capital LLC Raises Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Avestar Capital LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 15.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,622 shares of the company’s stock after buying an additional 1,129 shares during the quarter. Avestar Capital LLC’s holdings in Mondelez International were worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. B. Riley Wealth Advisors Inc. lifted its position in Mondelez International by 25.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 44,660 shares of the company’s stock valued at $3,118,000 after buying an additional 8,930 shares during the period. Tidal Investments LLC grew its stake in shares of Mondelez International by 6.7% in the 1st quarter. Tidal Investments LLC now owns 93,261 shares of the company’s stock worth $6,529,000 after buying an additional 5,867 shares during the last quarter. Hancock Whitney Corp increased its position in Mondelez International by 2.6% during the 1st quarter. Hancock Whitney Corp now owns 8,539 shares of the company’s stock valued at $598,000 after buying an additional 216 shares in the last quarter. Beacon Capital Management LLC raised its stake in Mondelez International by 23.7% during the first quarter. Beacon Capital Management LLC now owns 1,260 shares of the company’s stock valued at $88,000 after buying an additional 241 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its holdings in Mondelez International by 16.9% in the first quarter. iA Global Asset Management Inc. now owns 151,129 shares of the company’s stock worth $10,579,000 after acquiring an additional 21,814 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $64.88 on Wednesday. The stock has a market cap of $86.76 billion, a P/E ratio of 23.01, a P/E/G ratio of 2.93 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock’s fifty day moving average is $69.62 and its 200 day moving average is $69.24. Mondelez International, Inc. has a one year low of $63.40 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MDLZ. Bank of America raised their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. DA Davidson reduced their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Citigroup decreased 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. The Goldman Sachs Group began coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. Finally, Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $80.31.

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.