Avestar Capital LLC Has $635,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Avestar Capital LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 15.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,622 shares of the company’s stock after acquiring an additional 1,129 shares during the period. Avestar Capital LLC’s holdings in Mondelez International were worth $635,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MDLZ. Prospector Partners LLC increased its position in shares of Mondelez International by 0.4% during the third quarter. Prospector Partners LLC now owns 228,641 shares of the company’s stock worth $16,844,000 after acquiring an additional 971 shares in the last quarter. FMR LLC grew its holdings in Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after buying an additional 2,268,639 shares in the last quarter. Dai ichi Life Insurance Company Ltd lifted its stake in Mondelez International by 22.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 296,385 shares of the company’s stock valued at $21,835,000 after acquiring an additional 54,951 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its stake in shares of Mondelez International by 7.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 16,429 shares of the company’s stock worth $1,210,000 after acquiring an additional 1,112 shares in the last quarter. Finally, Mirabella Financial Services LLP bought a new stake in shares of Mondelez International in the 3rd quarter worth $5,611,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company cut their target price on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. 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. DA Davidson lowered their price target 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. JPMorgan Chase & Co. boosted their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $64.88 on Wednesday. The stock has a market capitalization of $86.76 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55. The company has a fifty day moving average of $69.62 and a 200-day moving average of $69.24. Mondelez International, Inc. has a 52-week low of $63.40 and a 52-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.

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

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.