Aljian Capital Management LLC Makes New $419,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Aljian Capital Management LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,689 shares of the company’s stock, valued at approximately $419,000.

Several other hedge funds have also recently modified their holdings of MDLZ. Thrivent Financial for Lutherans grew its holdings in Mondelez International by 13.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 197,964 shares of the company’s stock valued at $14,584,000 after buying an additional 23,497 shares in the last quarter. Claro Advisors LLC increased its position in Mondelez International by 10.7% in the third quarter. Claro Advisors LLC now owns 15,878 shares of the company’s stock worth $1,170,000 after purchasing an additional 1,535 shares during the last quarter. Atlanta Consulting Group Advisors LLC raised its stake in Mondelez International by 3.4% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 6,450 shares of the company’s stock valued at $475,000 after purchasing an additional 215 shares in the last quarter. RIA Advisory Group LLC bought a new position in Mondelez International during the third quarter valued at $905,000. Finally, Natixis Advisors LLC lifted its position in Mondelez International by 12.2% during the third quarter. Natixis Advisors LLC now owns 1,326,627 shares of the company’s stock valued at $97,733,000 after purchasing an additional 144,160 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MDLZ. Stifel Nicolaus boosted 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. Wells Fargo & Company reduced their price objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Piper Sandler boosted their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Citigroup decreased their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Redburn Atlantic began coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Read Our Latest Report on MDLZ

Mondelez International Stock Performance

MDLZ stock opened at $64.49 on Monday. Mondelez International, Inc. has a 1-year low of $63.91 and a 1-year high of $77.20. The business has a 50-day moving average price of $71.11 and a 200 day moving average price of $69.54. The company has a market capitalization of $86.24 billion, a P/E ratio of 22.87, a PEG ratio of 2.91 and a beta of 0.55. 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 (NASDAQ:MDLZGet Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion during 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 business posted $0.82 EPS. As a group, equities research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

About Mondelez International

(Free Report)

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.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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