Metis Global Partners LLC Has $3.14 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Metis Global Partners LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,682 shares of the company’s stock after acquiring an additional 430 shares during the period. Metis Global Partners LLC’s holdings in Mondelez International were worth $3,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Axiom Advisory LLC raised its holdings in shares of Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after purchasing an additional 143 shares during the period. Cadence Bank boosted its holdings in Mondelez International by 1.3% in the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after acquiring an additional 148 shares in the last quarter. Evermay Wealth Management LLC grew its stake in Mondelez International by 2.6% in the first quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock valued at $409,000 after acquiring an additional 149 shares during the period. Sachetta LLC increased its holdings in shares of Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after acquiring an additional 149 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its position in shares of Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares during the period. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of recent research reports. Citigroup decreased their price target 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. DA Davidson lowered their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Barclays cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. The Goldman Sachs Group initiated coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Finally, Piper Sandler lifted their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $65.56 on Friday. The company has a market capitalization of $87.67 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55. The company’s 50-day moving average is $71.52 and its 200 day moving average is $69.64. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a fifty-two week low of $64.18 and a fifty-two week 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 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 firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current 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.