Mondelez International, Inc. (NASDAQ:MDLZ) Stake Raised by Townsquare Capital LLC

Townsquare Capital LLC lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 213.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,279 shares of the company’s stock after buying an additional 62,877 shares during the period. Townsquare Capital LLC’s holdings in Mondelez International were worth $6,798,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MDLZ. Kingsview Wealth Management LLC grew its stake in shares of Mondelez International by 14.3% in the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after purchasing an additional 14,278 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Mondelez International by 11.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock valued at $18,349,000 after buying an additional 25,833 shares in the last quarter. BDF Gestion bought a new position in Mondelez International in the 2nd quarter valued at about $6,690,000. RIA Advisory Group LLC acquired a new position in Mondelez International during the 3rd quarter valued at about $905,000. Finally, Buckingham Capital Management Inc. raised its position in shares of Mondelez International by 1,554.4% during the 3rd quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock worth $5,483,000 after buying an additional 69,934 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on MDLZ. Redburn Atlantic assumed coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Wells Fargo & Company decreased their target price on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group began coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. Bank of America raised their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Citigroup cut their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $79.93.

Mondelez International Stock Up 0.3 %

NASDAQ:MDLZ opened at $65.06 on Friday. The business’s fifty day moving average price is $69.23 and its 200 day moving average price is $69.19. The firm has a market capitalization of $87.00 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.93 and a beta of 0.55. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 1-year low of $63.40 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share 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.