Aptus Capital Advisors LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 19.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,991 shares of the company's stock after purchasing an additional 29,138 shares during the quarter. Aptus Capital Advisors LLC's holdings in Mondelez International were worth $13,260,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in MDLZ. Richardson Financial Services Inc. increased its holdings in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International during the second quarter valued at $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International during the second quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International during the second quarter valued at $29,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Mondelez International during the third quarter valued at $38,000. Institutional investors own 78.32% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Sanford C. Bernstein reduced their price target on Mondelez International from $90.00 to $88.00 and set an "outperform" rating for the company in a report on Wednesday, July 17th. Barclays dropped their price objective on Mondelez International from $80.00 to $76.00 and set an "overweight" rating on the stock in a research report on Friday, July 19th. The Goldman Sachs Group assumed 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. Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Finally, Citigroup dropped their price objective 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. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $80.31.
Get Our Latest Analysis on MDLZ
Mondelez International Stock Performance
Shares of MDLZ stock traded up $0.42 during trading hours on Tuesday, reaching $66.52. 6,304,255 shares of the company traded hands, compared to its average volume of 6,779,166. Mondelez International, Inc. has a 12-month low of $64.18 and a 12-month high of $77.20. 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 market cap of $88.95 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.99 and a beta of 0.55. The firm has a 50-day moving average price of $71.82 and a 200 day moving average price of $69.70.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for 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 last year, the company earned $0.82 EPS. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.
Mondelez International Company Profile
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Free Report)
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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