Mirabella Financial Services LLP Invests $5.61 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

Mirabella Financial Services LLP acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 76,168 shares of the company's stock, valued at approximately $5,611,000.

Several other hedge funds also recently made changes to their positions in the company. Kingsview Wealth Management LLC increased its stake in shares of Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company's stock worth $8,430,000 after acquiring an additional 14,278 shares during the period. BDF Gestion purchased a new stake in Mondelez International during the 2nd quarter worth about $6,690,000. RIA Advisory Group LLC purchased a new stake in Mondelez International in the 3rd quarter worth approximately $905,000. Buckingham Capital Management Inc. grew its holdings in Mondelez International by 1,554.4% in the third quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company's stock valued at $5,483,000 after purchasing an additional 69,934 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Mondelez International by 1.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,445,724 shares of the company's stock valued at $253,846,000 after purchasing an additional 50,094 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Up 0.8 %

MDLZ stock traded up $0.54 during midday trading on Monday, reaching $64.94. The company had a trading volume of 10,732,713 shares, compared to its average volume of 6,784,396. The company has a 50 day moving average of $70.04 and a two-hundred day moving average of $69.33. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20. The company has a market capitalization of $86.84 billion, a P/E ratio of 22.84, a PEG ratio of 2.91 and a beta of 0.55. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data 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. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Mondelez International's revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price 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 began coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 target price on the stock. Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Stifel Nicolaus boosted their price target on Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group began coverage on shares of Mondelez International in a report on Monday, August 12th. They set a "buy" rating and a $80.00 price target for the company. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $80.31.

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.