Costello Asset Management INC Has $3.33 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Costello Asset Management INC trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,194 shares of the company’s stock after selling 1,720 shares during the quarter. Mondelez International comprises approximately 2.2% of Costello Asset Management INC’s investment portfolio, making the stock its 16th biggest position. Costello Asset Management INC’s holdings in Mondelez International were worth $3,329,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Axiom Advisory LLC raised its holdings in shares of Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after acquiring an additional 143 shares during the last quarter. Cadence Bank raised its stake in shares of Mondelez International by 1.3% in the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after purchasing an additional 148 shares during the last quarter. Evermay Wealth Management LLC lifted its holdings in shares of Mondelez International by 2.6% in the first quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock valued at $409,000 after purchasing an additional 149 shares in the last quarter. Sachetta LLC boosted its position in shares of Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after buying an additional 149 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its holdings in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.7 %

Shares of MDLZ opened at $66.20 on Friday. The firm has a market cap of $88.52 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 2.85 and a beta of 0.55. Mondelez International, Inc. has a fifty-two week low of $64.18 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 business has a 50-day moving average of $71.93 and a 200 day moving average of $69.75.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results 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 for 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 company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share. As a group, research analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MDLZ shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Evercore ISI raised their price target 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. Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Piper Sandler lifted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Bank of America boosted 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. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has an average 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.