Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Archer Investment Corp

Archer Investment Corp increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,431 shares of the company’s stock after purchasing an additional 380 shares during the quarter. Archer Investment Corp’s holdings in Mondelez International were worth $400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Mondelez International during the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new stake in Mondelez International during the second quarter worth about $27,000. Richardson Financial Services Inc. grew its position in Mondelez International by 100.0% during 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. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Mondelez International during the second quarter valued at approximately $29,000. Finally, ESL Trust Services LLC bought a new position in shares of Mondelez International in the first quarter valued at approximately $38,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 1.5 %

Shares of Mondelez International stock traded down $0.99 during trading on Friday, hitting $64.57. The company’s stock had a trading volume of 1,061,720 shares, compared to its average volume of 6,746,569. 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 company has a fifty day simple moving average of $71.33 and a two-hundred day simple moving average of $69.62. The company has a market capitalization of $86.34 billion, a PE ratio of 23.05, a P/E/G ratio of 2.98 and a beta of 0.55. Mondelez International, Inc. has a 52 week low of $64.18 and a 52 week high of $77.20.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MDLZ. Redburn Atlantic assumed coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. DA Davidson dropped their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Bank of America increased their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company decreased their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.