Claro Advisors LLC Acquires 1,535 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Claro Advisors LLC boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,878 shares of the company’s stock after acquiring an additional 1,535 shares during the period. Claro Advisors LLC’s holdings in Mondelez International were worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International during the 2nd quarter worth $26,000. Lynx Investment Advisory bought a new position in Mondelez International during the 2nd quarter worth $27,000. Richardson Financial Services Inc. increased its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International during the 2nd quarter worth $29,000. Finally, Highline Wealth Partners LLC bought a new position in Mondelez International during the 3rd quarter worth $38,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock opened at $64.49 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $86.24 billion, a PE ratio of 22.87, a P/E/G ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a 12 month low of $63.91 and a 12 month high of $77.20. The stock has a 50-day moving average price of $71.11 and a two-hundred day moving average price of $69.54.

Mondelez International (NASDAQ:MDLZ) last posted 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. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.82 earnings per share. Analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Ratings Changes

MDLZ has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Piper Sandler increased 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. Citigroup reduced their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, DA Davidson reduced their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.