Empowered Funds LLC Has $11.46 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Empowered Funds LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 155,523 shares of the company’s stock after selling 2,754 shares during the quarter. Empowered Funds LLC’s holdings in Mondelez International were worth $11,457,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BDF Gestion bought a new stake in shares of Mondelez International during the second quarter valued at approximately $6,690,000. M&G Plc acquired a new stake in Mondelez International in the first quarter worth $12,010,000. Strategic Wealth Investment Group LLC raised its holdings in shares of Mondelez International by 40.4% during the third quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock worth $10,187,000 after acquiring an additional 40,154 shares during the period. Buckingham Capital Management Inc. raised its holdings in shares of Mondelez International by 1,554.4% during the third quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock worth $5,483,000 after acquiring an additional 69,934 shares during the period. Finally, Czech National Bank increased its stake in Mondelez International by 6.5% in the 3rd quarter. Czech National Bank now owns 272,116 shares of the company’s stock valued at $20,047,000 after buying an additional 16,507 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.8 %

Mondelez International stock traded down $0.55 during trading hours on Friday, reaching $65.01. The stock had a trading volume of 626,419 shares, compared to its average volume of 6,745,934. The company has a market cap of $86.93 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 2.98 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The business’s 50 day moving average price is $71.52 and its 200-day moving average price is $69.64. Mondelez International, Inc. has a 52 week low of $64.18 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its 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 firm had revenue of $9.20 billion for 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 revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on MDLZ shares. Citigroup decreased their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. DA Davidson cut 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 note on Wednesday, July 31st. Evercore ISI upped their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Barclays decreased their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. One research 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, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.