Essex Savings Bank Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Essex Savings Bank grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,188 shares of the company’s stock after buying an additional 715 shares during the quarter. Essex Savings Bank’s holdings in Mondelez International were worth $972,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International during the 2nd quarter valued at $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International during the 2nd quarter valued at $27,000. Richardson Financial Services Inc. grew its holdings in shares of 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International during the 2nd quarter valued at $29,000. Finally, ESL Trust Services LLC bought a new position in shares of Mondelez International during the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MDLZ. Sanford C. Bernstein reduced their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Stifel Nicolaus increased their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Barclays cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Finally, Piper Sandler raised their price target on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Trading Up 0.7 %

Shares of NASDAQ MDLZ opened at $66.20 on Friday. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20. The stock has a market cap of $88.52 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 2.85 and a beta of 0.55. The firm has a 50-day moving average of $71.93 and a 200 day moving average of $69.75. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same period last year, the company posted $0.82 EPS. Mondelez International’s revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.49 EPS 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.