Zions Bancorporation N.A. Increases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Zions Bancorporation N.A. grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 39.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,914 shares of the company’s stock after purchasing an additional 5,969 shares during the quarter. Zions Bancorporation N.A.’s holdings in Mondelez International were worth $1,541,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. purchased a new position in Mondelez International during the 2nd quarter valued at about $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International in the 2nd quarter valued at about $27,000. Richardson Financial Services Inc. boosted its position in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Mondelez International during the 2nd quarter worth approximately $29,000. Finally, ESL Trust Services LLC acquired a new stake in Mondelez International during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MDLZ. DA Davidson cut their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Wells Fargo & Company dropped their price objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Citigroup dropped their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Stifel Nicolaus raised their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Piper Sandler raised their price target on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Trading Down 0.7 %

Shares of NASDAQ:MDLZ opened at $65.56 on Friday. The company’s 50-day moving average price is $71.52 and its two-hundred day moving average price is $69.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a one year low of $64.18 and a one year high of $77.20. The stock has a market capitalization of $87.67 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. On average, equities analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

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.