Larson Financial Group LLC Grows Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Larson Financial Group LLC lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 82.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,811 shares of the company’s stock after acquiring an additional 1,272 shares during the period. Larson Financial Group LLC’s holdings in Mondelez International were worth $207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. Axiom Advisory LLC raised its holdings in shares of Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares during the last quarter. Sachetta LLC grew its stake in Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after purchasing an additional 149 shares during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Mondelez International by 16.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after purchasing an additional 150 shares during the period. Carnegie Investment Counsel raised its stake in shares of Mondelez International by 1.4% in the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after purchasing an additional 151 shares during the last quarter. Finally, Pure Financial Advisors LLC lifted its holdings in shares of Mondelez International by 4.1% during the second quarter. Pure Financial Advisors LLC now owns 3,853 shares of the company’s stock worth $252,000 after purchasing an additional 153 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MDLZ. Evercore ISI raised their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. DA Davidson lowered their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. 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 research note on Wednesday, July 31st. Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Finally, Wells Fargo & Company reduced their price target on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $80.13.

Mondelez International Stock Up 0.3 %

MDLZ stock opened at $65.06 on Thursday. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a 50-day simple moving average of $69.42 and a 200-day simple moving average of $69.22. The stock has a market capitalization of $87.00 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.93 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the prior year, the company earned $0.82 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Equities analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal 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.