Atom Investors LP Has $573,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Atom Investors LP decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 63.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,772 shares of the company’s stock after selling 13,375 shares during the period. Atom Investors LP’s holdings in Mondelez International were worth $573,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MDLZ. Kestra Investment Management LLC bought a new position in shares of Mondelez International in the third quarter worth about $225,000. FSA Wealth Management LLC bought a new position in Mondelez International in the 3rd quarter valued at approximately $47,000. B&L Asset Management LLC acquired a new stake in Mondelez International in the third quarter valued at approximately $378,000. Erste Asset Management GmbH bought a new stake in shares of Mondelez International during the third quarter worth $2,337,000. Finally, Cobblestone Capital Advisors LLC NY increased its holdings in shares of Mondelez International by 25.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 3,993 shares of the company’s stock worth $294,000 after buying an additional 815 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MDLZ shares. Citigroup cut their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. 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. Bank of America boosted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Finally, Stifel Nicolaus boosted their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.93.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $64.81 on Wednesday. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average price of $68.67 and a 200-day moving average price of $69.01. The company has a market cap of $86.66 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 2.95 and a beta of 0.53.

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