StoneX Group Inc. Has $2.13 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

StoneX Group Inc. raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,737 shares of the company’s stock after buying an additional 3,598 shares during the quarter. StoneX Group Inc.’s holdings in Mondelez International were worth $2,131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Palisade Asset Management LLC acquired a new position in Mondelez International during the third quarter valued at approximately $204,000. Canopy Partners LLC increased its stake in shares of Mondelez International by 1.2% in the 3rd quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock valued at $982,000 after purchasing an additional 161 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Mondelez International by 14.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after buying an additional 14,278 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Mondelez International by 26.2% during the 3rd quarter. Cerity Partners LLC now owns 792,858 shares of the company’s stock worth $58,424,000 after buying an additional 164,491 shares during the last quarter. Finally, Great Valley Advisor Group Inc. boosted its stake in Mondelez International by 50.2% in the third quarter. Great Valley Advisor Group Inc. now owns 156,280 shares of the company’s stock valued at $11,513,000 after buying an additional 52,220 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $64.40 on Friday. 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, Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $77.20. The company has a 50 day simple moving average of $70.04 and a two-hundred day simple moving average of $69.33. The company has a market capitalization of $86.12 billion, a PE ratio of 22.84, a P/E/G ratio of 2.93 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. Research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research analyst reports. The Goldman Sachs Group assumed coverage on Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Wells Fargo & Company decreased their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Piper Sandler increased their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Citigroup reduced their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.