Delta Asset Management LLC TN boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 47.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,534 shares of the company’s stock after purchasing an additional 3,400 shares during the quarter. Delta Asset Management LLC TN’s holdings in Mondelez International were worth $768,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Retirement Group LLC bought a new stake in shares of Mondelez International during the 4th quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Mondelez International in the 1st quarter valued at about $26,000. 25 LLC purchased a new stake in Mondelez International during the 1st quarter valued at about $28,000. Wolff Wiese Magana LLC grew its holdings in Mondelez International by 79.5% in the 2nd quarter. Wolff Wiese Magana LLC now owns 429 shares of the company’s stock worth $31,000 after acquiring an additional 190 shares during the last quarter. Finally, Column Capital Advisors LLC raised its stake in shares of Mondelez International by 83.3% during the first quarter. Column Capital Advisors LLC now owns 460 shares of the company’s stock valued at $32,000 after acquiring an additional 209 shares during the last quarter. Institutional investors own 76.16% of the company’s stock.
Wall Street Analysts Forecast Growth
MDLZ has been the subject of a number of research reports. Bank of America decreased their price objective on Mondelez International from $82.00 to $78.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Morgan Stanley cut their price objective on shares of Mondelez International from $82.00 to $74.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. TD Cowen started coverage on shares of Mondelez International in a research note on Wednesday, September 13th. They issued an “outperform” rating and a $82.00 target price on the stock. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Piper Sandler boosted their price target on Mondelez International from $71.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.11.
Mondelez International Price Performance
Shares of NASDAQ MDLZ traded up $0.01 during mid-day trading on Monday, reaching $70.64. The company’s stock had a trading volume of 1,300,170 shares, compared to its average volume of 6,256,457. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.61 and a quick ratio of 0.41. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.59. The stock has a fifty day moving average of $67.68 and a two-hundred day moving average of $71.45. The firm has a market capitalization of $96.13 billion, a PE ratio of 21.08, a P/E/G ratio of 2.45 and a beta of 0.66.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. Mondelez International had a net margin of 12.97% and a return on equity of 15.59%. The business had revenue of $9.03 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue was up 16.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.23 EPS 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.
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