LPL Financial LLC Purchases 49,146 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

LPL Financial LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,430,392 shares of the company’s stock after buying an additional 49,146 shares during the period. LPL Financial LLC’s holdings in Mondelez International were worth $105,377,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MDLZ. German American Bancorp Inc. bought a new position in shares of Mondelez International during the third quarter valued at about $217,000. Intech Investment Management LLC raised its position in Mondelez International by 35.3% during the 3rd quarter. Intech Investment Management LLC now owns 157,593 shares of the company’s stock valued at $11,610,000 after purchasing an additional 41,147 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Mondelez International by 2.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,036,754 shares of the company’s stock worth $76,378,000 after buying an additional 29,204 shares during the period. Cornerstone Advisors LLC grew its position in shares of Mondelez International by 9.7% in the 3rd quarter. Cornerstone Advisors LLC now owns 67,900 shares of the company’s stock worth $5,002,000 after buying an additional 6,000 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in shares of Mondelez International by 4.6% during the third quarter. Citizens Financial Group Inc. RI now owns 95,093 shares of the company’s stock valued at $7,028,000 after buying an additional 4,150 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stifel Nicolaus raised their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Evercore ISI boosted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. The Goldman Sachs Group assumed coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. Finally, Piper Sandler increased 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. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Trading Down 0.6 %

Mondelez International stock opened at $64.40 on Friday. Mondelez International, Inc. has a 12 month low of $63.40 and a 12 month high of $77.20. The company has a market capitalization of $86.12 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 2.88 and a beta of 0.55. The business’s fifty day simple moving average is $70.04 and its two-hundred day simple moving average is $69.34. 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) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. As a group, equities analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

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.