Hara Capital LLC Invests $45,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Hara Capital LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 610 shares of the company’s stock, valued at approximately $45,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norden Group LLC lifted its position in Mondelez International by 39.8% during the first quarter. Norden Group LLC now owns 8,695 shares of the company’s stock valued at $609,000 after purchasing an additional 2,476 shares during the period. Advisory Services Network LLC lifted its position in Mondelez International by 35.3% during the first quarter. Advisory Services Network LLC now owns 60,401 shares of the company’s stock valued at $4,228,000 after purchasing an additional 15,746 shares during the period. Sciencast Management LP acquired a new position in Mondelez International during the first quarter valued at $456,000. Empowered Funds LLC lifted its position in Mondelez International by 72.0% during the first quarter. Empowered Funds LLC now owns 105,278 shares of the company’s stock valued at $7,369,000 after purchasing an additional 44,056 shares during the period. Finally, Hilltop National Bank acquired a new position in Mondelez International during the first quarter valued at $182,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Piper Sandler boosted their target price 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. Wells Fargo & Company decreased their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. DA Davidson decreased their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Evercore ISI upped their price objective 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. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Stock Down 1.0 %

MDLZ stock opened at $65.72 on Friday. The stock has a market capitalization of $87.79 billion, a P/E ratio of 23.30, a P/E/G ratio of 2.94 and a beta of 0.55. The firm has a 50-day simple moving average of $72.14 and a 200-day simple moving average of $69.80. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52 week low of $64.18 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its 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. The business had revenue of $9.20 billion during 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%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 earnings per share. Equities analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International 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.