Tidal Investments LLC Raises Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Tidal Investments LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.5% during the 3rd quarter, Holdings Channel reports. The fund owned 97,883 shares of the company’s stock after buying an additional 5,944 shares during the quarter. Tidal Investments LLC’s holdings in Mondelez International were worth $7,211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Axiom Advisory LLC boosted its holdings in Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after purchasing an additional 143 shares during the last quarter. Sachetta LLC increased its stake in Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after acquiring an additional 149 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in Mondelez International by 16.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after purchasing an additional 150 shares during the period. Carnegie Investment Counsel lifted its stake in shares of Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after purchasing an additional 151 shares during the last quarter. Finally, Pure Financial Advisors LLC grew its holdings in shares of Mondelez International by 4.1% during the 2nd quarter. Pure Financial Advisors LLC now owns 3,853 shares of the company’s stock worth $252,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MDLZ shares. Evercore ISI upped their target price 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. Citigroup dropped their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft cut Mondelez International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $78.00 to $67.00 in a research note on Thursday. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Finally, Bank of America increased their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $79.07.

Mondelez International Stock Performance

MDLZ opened at $62.63 on Friday. The company has a market cap of $83.75 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.85 and a beta of 0.53. The company’s fifty day moving average price is $67.18 and its two-hundred day moving average price is $68.68. Mondelez International, Inc. has a 1-year low of $60.33 and a 1-year high of $77.20. 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 released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period last year, the firm earned $0.82 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. On average, analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.