Cadence Bank Acquires 461 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Cadence Bank raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,799 shares of the company’s stock after purchasing an additional 461 shares during the period. Cadence Bank’s holdings in Mondelez International were worth $869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Transamerica Financial Advisors Inc. raised its holdings in shares of Mondelez International by 8.9% during the third quarter. Transamerica Financial Advisors Inc. now owns 14,049 shares of the company’s stock valued at $1,035,000 after acquiring an additional 1,154 shares in the last quarter. Avestar Capital LLC increased its position in Mondelez International by 15.1% during the 3rd quarter. Avestar Capital LLC now owns 8,622 shares of the company’s stock valued at $635,000 after purchasing an additional 1,129 shares during the period. Prospector Partners LLC raised its holdings in Mondelez International by 0.4% in the 3rd quarter. Prospector Partners LLC now owns 228,641 shares of the company’s stock worth $16,844,000 after purchasing an additional 971 shares in the last quarter. FMR LLC lifted its position in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Finally, Dai ichi Life Insurance Company Ltd boosted its stake in shares of Mondelez International by 22.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 296,385 shares of the company’s stock valued at $21,835,000 after purchasing an additional 54,951 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ opened at $65.06 on Thursday. Mondelez International, Inc. has a twelve month low of $63.40 and a twelve month high of $77.20. The company has a market capitalization of $87.00 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55. The firm has a 50 day moving average of $69.42 and a 200 day moving average of $69.22. 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 issued its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the business posted $0.82 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on MDLZ. Redburn Atlantic began coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Citigroup decreased their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. DA Davidson dropped their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company decreased their price objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $80.13.

Mondelez International 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.