Cladis Investment Advisory LLC Has $256,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Cladis Investment Advisory LLC lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.7% during the third quarter, Holdings Channel reports. The institutional investor owned 3,469 shares of the company’s stock after selling 415 shares during the period. Cladis Investment Advisory LLC’s holdings in Mondelez International were worth $256,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Kingsview Wealth Management LLC boosted its holdings in shares of Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after acquiring an additional 14,278 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Mondelez International by 11.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock worth $18,349,000 after purchasing an additional 25,833 shares during the last quarter. BDF Gestion bought a new stake in Mondelez International in the 2nd quarter valued at $6,690,000. Harvest Fund Management Co. Ltd grew its holdings in Mondelez International by 51.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 61,531 shares of the company’s stock valued at $4,532,000 after buying an additional 20,942 shares in the last quarter. Finally, RIA Advisory Group LLC bought a new position in Mondelez International during the 3rd quarter worth $905,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MDLZ. Wells Fargo & Company reduced their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group began coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Stifel Nicolaus raised their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Piper Sandler boosted their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.93.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $64.95 on Monday. Mondelez International, Inc. has a twelve month low of $63.40 and a twelve month high of $77.20. 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 stock’s 50-day simple moving average is $69.04 and its 200 day simple moving average is $69.10. The firm has a market capitalization of $86.85 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted 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. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.82 EPS. On average, analysts anticipate 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.