365 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Bought by Prospera Private Wealth LLC

Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 365 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors have also recently bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Mondelez International in the 2nd quarter worth about $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International in the second quarter valued at approximately $27,000. Richardson Financial Services Inc. boosted its position in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Mondelez International in the 2nd quarter valued at $29,000. Finally, Highline Wealth Partners LLC bought a new position in Mondelez International during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on MDLZ shares. DA Davidson reduced their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Citigroup decreased their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Wells Fargo & Company decreased their price target on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Piper Sandler lifted their price target on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Price Performance

NASDAQ MDLZ opened at $64.40 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market cap of $86.12 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.88 and a beta of 0.55. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The firm’s 50-day simple moving average is $70.04 and its two-hundred day simple moving average is $69.34.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS 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 analysts’ expectations of $9.11 billion. During the same period in the prior year, the company posted $0.82 EPS. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. Research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

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.