International Private Wealth Advisors LLC Makes New $203,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

International Private Wealth Advisors LLC bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,760 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International in the 2nd quarter worth approximately $26,000. Lynx Investment Advisory bought a new position in Mondelez International during the second quarter valued at $27,000. Richardson Financial Services Inc. raised its stake in shares of Mondelez International by 100.0% in 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. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mondelez International in the second quarter valued at $29,000. Finally, ESL Trust Services LLC bought a new stake in shares of Mondelez International in the 1st quarter worth about $38,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 0.5 %

MDLZ stock traded down $0.33 during trading on Thursday, hitting $65.67. 456,356 shares of the company’s stock traded hands, compared to its average volume of 6,744,749. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20. The business has a fifty day simple moving average of $71.52 and a two-hundred day simple moving average of $69.64. The firm has a market capitalization of $87.81 billion, a P/E ratio of 23.40, a PEG ratio of 3.00 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 earnings per share. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent analyst reports. Bank of America increased 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. JPMorgan Chase & Co. raised their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus boosted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.31.

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.