Citizens Financial Group Inc. RI Acquires 4,150 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Citizens Financial Group Inc. RI lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,093 shares of the company’s stock after purchasing an additional 4,150 shares during the period. Citizens Financial Group Inc. RI’s holdings in Mondelez International were worth $7,028,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Natixis acquired a new stake in Mondelez International in the first quarter worth $502,000. EP Wealth Advisors LLC increased its position in Mondelez International by 5.6% in the 1st quarter. EP Wealth Advisors LLC now owns 22,500 shares of the company’s stock valued at $1,575,000 after buying an additional 1,198 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in Mondelez International in the first quarter worth approximately $321,000. LRI Investments LLC bought a new stake in shares of Mondelez International during the first quarter valued at approximately $139,000. Finally, Magnetar Financial LLC bought a new position in shares of Mondelez International in the 1st quarter worth $4,387,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 0.6 %

Shares of NASDAQ:MDLZ opened at $64.79 on Friday. The company has a market cap of $86.64 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.88 and a beta of 0.55. Mondelez International, Inc. has a one year low of $63.40 and a one year high of $77.20. The firm has a fifty day moving average price of $70.26 and a two-hundred day moving average price of $69.38. 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 (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. Analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MDLZ shares. Bank of America lifted their price objective 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. Citigroup lowered their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective 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. Finally, Piper Sandler upped their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a 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 company’s stock. According to MarketBeat, the company 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.