Prospera Private Wealth LLC Takes $27,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Prospera Private Wealth LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 365 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its stake in Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares in the last quarter. Mizuho Securities USA LLC raised its position in shares of Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after buying an additional 12,470,573 shares in the last quarter. Legal & General Group Plc boosted its stake in Mondelez International by 2.6% during the second quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock valued at $749,467,000 after buying an additional 293,773 shares during the period. Dimensional Fund Advisors LP grew its position in Mondelez International by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock worth $587,094,000 after buying an additional 1,071,719 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its stake in Mondelez International by 1.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 3,825,220 shares of the company’s stock worth $250,322,000 after acquiring an additional 61,084 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $64.40 on Friday. The company has a market capitalization of $86.12 billion, a P/E ratio of 22.84, a PEG ratio of 2.88 and a beta of 0.55. Mondelez International, Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $77.20. 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 stock has a 50 day moving average price of $70.04 and a two-hundred day moving average price of $69.34.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 10.58% and a return on equity of 17.53%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS. Analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MDLZ. Evercore ISI boosted their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. DA Davidson cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Citigroup lowered their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price 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, Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.