Thrivent Financial for Lutherans Increases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Thrivent Financial for Lutherans grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 13.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 197,964 shares of the company's stock after purchasing an additional 23,497 shares during the period. Thrivent Financial for Lutherans' holdings in Mondelez International were worth $14,584,000 at the end of the most recent reporting period.

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

Mondelez International Price Performance

MDLZ stock opened at $64.42 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20. The firm has a 50-day moving average of $70.45 and a 200 day moving average of $69.42. The company has a market cap of $86.14 billion, a P/E ratio of 22.84, a PEG ratio of 2.91 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $9.11 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The business's revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Piper Sandler upped their price target on shares of Mondelez International from $74.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a "buy" rating and a $82.00 price target on the stock. Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. DA Davidson dropped their price objective on Mondelez International from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus lifted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.