20,524 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Purchased by Portside Wealth Group LLC

Portside Wealth Group LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,524 shares of the company's stock, valued at approximately $1,512,000.

Several other institutional investors also recently modified their holdings of MDLZ. Richardson Financial Services Inc. boosted its stake in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock valued at $28,000 after buying an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Mondelez International in the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new stake in Mondelez International in the 2nd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Mondelez International in the 2nd quarter valued at $29,000. Finally, Highline Wealth Partners LLC acquired a new stake in Mondelez International in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Up 0.7 %

NASDAQ:MDLZ traded up $0.48 on Friday, reaching $66.20. The company's stock had a trading volume of 4,840,580 shares, compared to its average volume of 6,775,846. Mondelez International, Inc. has a 1-year low of $64.18 and a 1-year high of $77.20. 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 firm has a market cap of $88.43 billion, a PE ratio of 23.48, a PEG ratio of 2.94 and a beta of 0.55. The business's 50-day moving average price is $71.93 and its two-hundred day moving average price is $69.75.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. Equities research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Bank of America lifted 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. Sanford C. Bernstein dropped their target price on Mondelez International from $90.00 to $88.00 and set an "outperform" rating for the company in a research report on Wednesday, July 17th. Piper Sandler boosted their target price on Mondelez International from $74.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They set a "buy" rating and a $80.00 target price for the company. Finally, Citigroup dropped their target price on Mondelez International from $80.00 to $78.00 and set a "buy" 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 sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $80.31.

Mondelez International Company 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.