FSA Wealth Management LLC Purchases New Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

FSA Wealth Management LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, HoldingsChannel reports. The institutional investor acquired 636 shares of the company’s stock, valued at approximately $47,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. B&L Asset Management LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at about $378,000. Erste Asset Management GmbH bought a new position in Mondelez International in the third quarter worth about $2,337,000. Cobblestone Capital Advisors LLC NY boosted its stake in Mondelez International by 25.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 3,993 shares of the company’s stock valued at $294,000 after acquiring an additional 815 shares during the period. L.M. Kohn & Company raised its position in shares of Mondelez International by 9.3% during the 3rd quarter. L.M. Kohn & Company now owns 4,889 shares of the company’s stock worth $360,000 after purchasing an additional 415 shares during the period. Finally, Kolinsky Wealth Management LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth approximately $222,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.2 %

Shares of Mondelez International stock opened at $64.95 on Monday. The business has a fifty day simple moving average of $69.04 and a 200-day simple moving average of $69.10. Mondelez International, Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $77.20. The firm has a market cap of $86.85 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55. 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 quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 EPS. On average, equities analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent research reports. Citigroup lowered their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Stifel Nicolaus increased their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Bank of America upped their target price 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. Piper Sandler boosted their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.93.

Mondelez International Company 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.