Drive Wealth Management LLC Has $441,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Drive Wealth Management LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,953 shares of the company’s stock after purchasing an additional 513 shares during the period. Drive Wealth Management LLC’s holdings in Mondelez International were worth $441,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Mizuho Securities USA LLC grew its holdings in shares of Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Mondelez International by 40.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares during the last quarter. Capital Research Global Investors grew its stake in Mondelez International by 7.3% in the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after purchasing an additional 2,206,023 shares during the period. Wulff Hansen & CO. increased its position in shares of Mondelez International by 6,311.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock valued at $114,575,000 after purchasing an additional 1,723,537 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Mondelez International by 231.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock worth $118,101,000 after purchasing an additional 1,260,124 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Piper Sandler increased their target price on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lowered their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. DA Davidson reduced their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Stifel Nicolaus boosted their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $63.84 on Tuesday. The company has a 50 day moving average of $70.87 and a 200 day moving average of $69.49. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a market cap of $85.37 billion, a P/E ratio of 22.64, a P/E/G ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a 12 month low of $63.72 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced 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 firm had revenue of $9.20 billion during 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 business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

About Mondelez International

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.