Nations Financial Group Inc. IA ADV Acquires Shares of 3,552 Mondelez International, Inc. (NASDAQ:MDLZ)

Nations Financial Group Inc. IA ADV acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,552 shares of the company’s stock, valued at approximately $262,000.

Other large investors have also recently added to or reduced their stakes in the company. BDF Gestion bought a new position in Mondelez International during the 2nd quarter valued at $6,690,000. M&G Plc bought a new position in shares of Mondelez International in the 1st quarter worth about $12,010,000. Strategic Wealth Investment Group LLC lifted its position in shares of Mondelez International by 40.4% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock worth $10,187,000 after buying an additional 40,154 shares during the last quarter. Buckingham Capital Management Inc. lifted its position in shares of Mondelez International by 1,554.4% in 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 during the last quarter. Finally, Czech National Bank lifted its position in shares of Mondelez International by 6.5% in the 3rd quarter. Czech National Bank now owns 272,116 shares of the company’s stock worth $20,047,000 after buying an additional 16,507 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Mondelez International stock opened at $65.56 on Friday. 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 $64.18 and a 1 year high of $77.20. The company has a market cap of $87.67 billion, a PE ratio of 23.25, a PEG ratio of 3.00 and a beta of 0.55. The company’s 50-day moving average is $71.52 and its two-hundred day moving average is $69.64.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MDLZ shares. 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 research report on Tuesday, October 15th. JPMorgan Chase & Co. raised their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Stifel Nicolaus lifted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company dropped 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 report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.