RIA Advisory Group LLC Invests $905,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

RIA Advisory Group LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,286 shares of the company’s stock, valued at approximately $905,000.

Several other large investors have also modified their holdings of the stock. Richardson Financial Services Inc. boosted its position 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 worth $28,000 after buying an additional 200 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Mondelez International in the second quarter worth $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International in the second quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mondelez International during the second quarter worth $29,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International during the third quarter worth $38,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MDLZ shares. Evercore ISI increased their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. 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. Barclays decreased their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. JPMorgan Chase & Co. lifted their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Piper Sandler lifted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Trading Down 1.6 %

Shares of NASDAQ:MDLZ traded down $1.07 on Friday, hitting $64.49. The company had a trading volume of 7,204,038 shares, compared to its average volume of 6,775,558. The firm’s 50-day simple moving average is $71.11 and its two-hundred day simple moving average is $69.56. Mondelez International, Inc. has a 1 year low of $63.91 and a 1 year 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 firm has a market capitalization of $86.24 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 2.98 and a beta of 0.55.

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