Baker Avenue Asset Management LP Acquires Shares of 4,570 Mondelez International, Inc. (NASDAQ:MDLZ)

Baker Avenue Asset Management LP acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 4,570 shares of the company’s stock, valued at approximately $337,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. XML Financial LLC lifted its stake in Mondelez International by 2.8% in the third quarter. XML Financial LLC now owns 15,104 shares of the company’s stock worth $1,113,000 after purchasing an additional 418 shares during the last quarter. Essex Savings Bank lifted its stake in Mondelez International by 5.7% in the third quarter. Essex Savings Bank now owns 13,188 shares of the company’s stock worth $972,000 after purchasing an additional 715 shares during the last quarter. Resolute Advisors LLC bought a new stake in Mondelez International in the third quarter worth about $215,000. Lindbrook Capital LLC lifted its stake in Mondelez International by 5.0% in the third quarter. Lindbrook Capital LLC now owns 7,477 shares of the company’s stock worth $551,000 after purchasing an additional 356 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Mondelez International by 6.5% in the third quarter. Assetmark Inc. now owns 96,741 shares of the company’s stock worth $7,127,000 after purchasing an additional 5,892 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ MDLZ opened at $66.10 on Tuesday. The firm’s fifty day simple moving average is $71.93 and its two-hundred day simple moving average is $69.73. 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 12-month low of $64.18 and a 12-month high of $77.20. The firm has a market capitalization of $88.39 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.99 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping 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 the consensus estimate of $9.11 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on MDLZ shares. Piper Sandler raised their price objective 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. Wells Fargo & Company reduced their target price 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. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. DA Davidson reduced their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Citigroup reduced their target price 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. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.31.

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.