Hilltop Holdings Inc. Acquires 82,304 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Hilltop Holdings Inc. grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1,752.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 87,000 shares of the company’s stock after purchasing an additional 82,304 shares during the period. Hilltop Holdings Inc.’s holdings in Mondelez International were worth $6,409,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Axiom Advisory LLC raised its position in Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after purchasing an additional 143 shares during the period. Sachetta LLC grew its stake in shares of Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after buying an additional 149 shares during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Mondelez International by 16.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after buying an additional 150 shares during the period. Carnegie Investment Counsel lifted its stake in shares of Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after acquiring an additional 151 shares during the last quarter. Finally, Pure Financial Advisors LLC boosted its holdings in Mondelez International by 4.1% during the 2nd quarter. Pure Financial Advisors LLC now owns 3,853 shares of the company’s stock valued at $252,000 after acquiring an additional 153 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of a number of analyst reports. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Piper Sandler lifted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Stifel Nicolaus increased their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Citigroup decreased their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $79.93.

Mondelez International Stock Up 0.4 %

MDLZ stock opened at $65.23 on Tuesday. 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 capitalization of $87.22 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The business’s 50 day moving average price is $69.04 and its two-hundred day moving average price is $69.10. 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 (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share. As a group, analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share 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.