Citizens Financial Group Inc. RI Has $7.03 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Citizens Financial Group Inc. RI increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,093 shares of the company’s stock after buying an additional 4,150 shares during the period. Citizens Financial Group Inc. RI’s holdings in Mondelez International were worth $7,028,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MDLZ. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth about $27,000. Richardson Financial Services Inc. increased its position in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in Mondelez International in the second quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International in the second quarter valued at approximately $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International during the 2nd quarter worth approximately $29,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Wells Fargo & Company decreased their price target on shares of 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 increased their price target on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Bank of America boosted their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $64.79 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $77.20. The company has a market cap of $86.64 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.88 and a beta of 0.55. The stock has a fifty day moving average price of $70.26 and a 200-day moving average price of $69.38.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The firm 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 business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. As a group, equities 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.