Beta Wealth Group Inc. Grows Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Beta Wealth Group Inc. lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,266 shares of the company’s stock after buying an additional 1,095 shares during the quarter. Mondelez International makes up 1.8% of Beta Wealth Group Inc.’s holdings, making the stock its 18th largest position. Beta Wealth Group Inc.’s holdings in Mondelez International were worth $4,071,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. BDF Gestion purchased a new stake in shares of Mondelez International in the second quarter valued at approximately $6,690,000. M&G Plc acquired a new stake in shares of Mondelez International in the first quarter worth approximately $12,010,000. Sei Investments Co. increased its position in shares of Mondelez International by 15.8% during the first quarter. Sei Investments Co. now owns 802,791 shares of the company’s stock worth $56,195,000 after purchasing an additional 109,457 shares in the last quarter. Strategic Wealth Investment Group LLC raised its stake in Mondelez International by 40.4% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock valued at $10,187,000 after purchasing an additional 40,154 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in Mondelez International by 3.5% in the 1st quarter. TD Asset Management Inc now owns 1,025,760 shares of the company’s stock valued at $71,803,000 after purchasing an additional 34,404 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $66.20 on Friday. The firm has a market cap of $88.52 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 2.85 and a beta of 0.55. Mondelez International, Inc. has a 52 week low of $64.18 and a 52 week high of $77.20. The business’s fifty day simple moving average is $71.93 and its 200-day simple moving average is $69.75. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last announced its 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. The company 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%. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. Equities analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MDLZ shares. Evercore ISI upped their target price 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. Bank of America upped their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Sanford C. Bernstein decreased their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Barclays lowered their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Finally, The Goldman Sachs Group began coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.