Commonwealth Equity Services LLC Purchases 2,591 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Commonwealth Equity Services LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 425,746 shares of the company’s stock after acquiring an additional 2,591 shares during the period. Commonwealth Equity Services LLC’s holdings in Mondelez International were worth $31,054,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Legacy Capital Group California Inc. lifted its holdings in shares of Mondelez International by 2.7% during the second quarter. Legacy Capital Group California Inc. now owns 6,647 shares of the company’s stock valued at $485,000 after purchasing an additional 177 shares during the last quarter. Bedel Financial Consulting Inc. bought a new stake in Mondelez International in the second quarter worth $319,000. Great Lakes Advisors LLC grew its stake in shares of Mondelez International by 16.8% in the second quarter. Great Lakes Advisors LLC now owns 1,071,961 shares of the company’s stock worth $78,189,000 after acquiring an additional 154,332 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Mondelez International during the second quarter valued at $1,120,000. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of Mondelez International by 3.4% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 23,821 shares of the company’s stock valued at $1,738,000 after acquiring an additional 784 shares in the last quarter. Hedge funds and other institutional investors own 76.16% of the company’s stock.

Mondelez International Stock Performance

MDLZ opened at $70.63 on Monday. The company’s 50 day moving average is $67.68 and its 200 day moving average is $71.45. The company has a current ratio of 0.61, a quick ratio of 0.41 and a debt-to-equity ratio of 0.57. The company has a market cap of $96.12 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.45 and a beta of 0.66. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.59.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. Mondelez International had a net margin of 12.97% and a return on equity of 15.59%. The business had revenue of $9.03 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter last year, the company posted $0.74 EPS. The company’s revenue was up 16.3% compared to the same quarter last year. On average, equities research analysts predict that Mondelez International, Inc. will post 3.23 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on MDLZ shares. TD Cowen initiated coverage on shares of Mondelez International in a research report on Wednesday, September 13th. They set an “outperform” rating and a $82.00 price objective on the stock. Morgan Stanley cut their price target on shares of Mondelez International from $82.00 to $74.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Bank of America lowered their price objective on Mondelez International from $82.00 to $78.00 and set a “buy” rating on the stock in a research report on Tuesday, October 17th. BNP Paribas raised Mondelez International from a “neutral” rating to an “outperform” rating and set a $75.00 target price for the company in a report on Tuesday, October 17th. Finally, Piper Sandler upped their price target on Mondelez International from $71.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.11.

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.