BIP Wealth LLC Acquires Shares of 2,846 Mondelez International, Inc. (NASDAQ:MDLZ)

BIP Wealth LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,846 shares of the company’s stock, valued at approximately $210,000.

A number of other large investors have also added to or reduced their stakes in the company. Capital Research Global Investors boosted its stake in Mondelez International by 7.3% during the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after buying an additional 2,206,023 shares during the period. Massachusetts Financial Services Co. MA raised its position in Mondelez International by 40.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in Mondelez International by 12,057.4% during 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 during the period. Legal & General Group Plc grew its stake in Mondelez International by 2.6% in the second quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock valued at $749,467,000 after purchasing an additional 293,773 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Mondelez International by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock valued at $587,094,000 after buying an additional 1,071,719 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.0 %

MDLZ stock opened at $63.87 on Wednesday. Mondelez International, Inc. has a one year low of $63.40 and a one year high of $77.20. The firm has a market cap of $85.41 billion, a PE ratio of 22.65, a PEG ratio of 2.91 and a beta of 0.55. The firm’s 50 day moving average price is $70.65 and its 200-day moving average price is $69.45. 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 issued 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 net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the business posted $0.82 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MDLZ shares. The Goldman Sachs Group initiated coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Citigroup decreased their price target 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. Piper Sandler raised their target price on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Bank of America upped their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Wells Fargo & Company cut their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Company 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.