Mondelez International, Inc. (NASDAQ:MDLZ) Stake Raised by L.M. Kohn & Company

L.M. Kohn & Company grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,889 shares of the company’s stock after purchasing an additional 415 shares during the quarter. L.M. Kohn & Company’s holdings in Mondelez International were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in shares of Mondelez International during the third quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the third quarter valued at approximately $27,000. Richardson Financial Services Inc. increased its stake 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 acquiring an additional 200 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International during the second quarter valued at approximately $26,000. Finally, Lynx Investment Advisory acquired a new position in shares of Mondelez International during the second quarter valued at approximately $27,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent research reports. Evercore ISI lifted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. 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 report on Wednesday, October 30th. Stifel Nicolaus lifted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Bank of America lifted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.93.

Mondelez International Stock Down 0.2 %

MDLZ stock opened at $64.95 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20. The company has a fifty day simple moving average of $69.04 and a 200 day simple moving average of $69.12. The firm has a market cap of $86.85 billion, a PE ratio of 23.03, a PEG ratio of 2.93 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the previous year, the business earned $0.82 EPS. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current fiscal 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.