Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,396 shares of the company’s stock after acquiring an additional 173 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Mondelez International were worth $1,134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Richardson Financial Services Inc. increased its stake in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Mondelez International during the 2nd quarter worth about $26,000. Lynx Investment Advisory purchased a new stake in Mondelez International during the 2nd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International in the second quarter valued at about $29,000. Finally, Highline Wealth Partners LLC purchased a new position in shares of Mondelez International in the third quarter worth about $38,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent research reports. Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Stifel Nicolaus raised their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Piper Sandler upped their price target on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, DA Davidson lowered their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $66.20 on Monday. The company has a fifty day moving average of $71.93 and a two-hundred day moving average of $69.74. Mondelez International, Inc. has a fifty-two week low of $64.18 and a fifty-two week high of $77.20. The stock has a market capitalization of $88.52 billion, a PE ratio of 23.48, a P/E/G ratio of 2.99 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share 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 firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, research analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

About Mondelez International

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.