Ashton Thomas Securities LLC Invests $145,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Ashton Thomas Securities LLC bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,971 shares of the company’s stock, valued at approximately $145,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Axiom Advisory LLC grew its position in shares of Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after purchasing an additional 143 shares during the period. Cadence Bank lifted its stake in Mondelez International by 1.3% in the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock valued at $804,000 after buying an additional 148 shares in the last quarter. Evermay Wealth Management LLC boosted its holdings in Mondelez International by 2.6% in the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after buying an additional 149 shares during the last quarter. Sachetta LLC increased its stake in Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after buying an additional 149 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MDLZ. Redburn Atlantic began coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Sanford C. Bernstein reduced their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Evercore ISI boosted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Citigroup cut their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Piper Sandler upped their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $66.52 on Wednesday. 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 $88.95 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.99 and a beta of 0.55. The firm’s 50 day moving average price is $71.82 and its 200-day moving average price is $69.70. Mondelez International, Inc. has a one year low of $64.18 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current 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.