Versor Investments LP Makes New $243,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Versor Investments LP purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,300 shares of the company’s stock, valued at approximately $243,000.

Several other large investors also recently made changes to their positions in the stock. Axiom Advisory LLC boosted its position in Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after purchasing an additional 143 shares during the period. Cadence Bank boosted its holdings in shares of Mondelez International by 1.3% during the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after buying an additional 148 shares during the period. Evermay Wealth Management LLC grew its stake in Mondelez International by 2.6% in the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock valued at $409,000 after buying an additional 149 shares during the last quarter. Sachetta LLC raised its holdings in Mondelez International by 14.0% in the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after acquiring an additional 149 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its position in Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $64.49 on Friday. Mondelez International, Inc. has a twelve month low of $63.91 and a twelve month 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 stock has a market cap of $86.24 billion, a P/E ratio of 22.87, a PEG ratio of 2.98 and a beta of 0.55. The company’s 50-day simple moving average is $71.11 and its 200 day simple moving average is $69.56.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The company 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%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. As a group, research analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on MDLZ. Wells Fargo & Company lowered their price target on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Piper Sandler raised their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Stifel Nicolaus raised their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Bank of America boosted their target price 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. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $80.31.

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.