Sheaff Brock Investment Advisors LLC Buys 390 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Sheaff Brock Investment Advisors LLC raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,479 shares of the company’s stock after purchasing an additional 390 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Mondelez International were worth $2,172,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Orion Portfolio Solutions LLC raised its position in shares of Mondelez International by 1.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 80,846 shares of the company’s stock worth $5,659,000 after acquiring an additional 1,507 shares in the last quarter. 1ST Source Bank grew its stake in shares of Mondelez International by 34.3% in the 1st quarter. 1ST Source Bank now owns 6,809 shares of the company’s stock valued at $477,000 after buying an additional 1,738 shares during the period. M&G Plc acquired a new stake in shares of Mondelez International in the 1st quarter valued at about $12,010,000. First Foundation Advisors grew its stake in shares of Mondelez International by 17.1% in the 1st quarter. First Foundation Advisors now owns 7,907 shares of the company’s stock valued at $553,000 after buying an additional 1,152 shares during the period. Finally, Jupiter Asset Management Ltd. grew its stake in shares of Mondelez International by 246.7% in the 1st quarter. Jupiter Asset Management Ltd. now owns 925,224 shares of the company’s stock valued at $64,766,000 after buying an additional 658,321 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $65.56 on Friday. The firm has a market cap of $87.67 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 2.98 and a beta of 0.55. The company has a 50-day simple moving average of $71.52 and a two-hundred day simple moving average of $69.64. 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, Inc. has a 12-month low of $64.18 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 net margin of 10.58% and a return on equity of 17.53%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, equities analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MDLZ. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. 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 began coverage on Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Piper Sandler lifted their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price target 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. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.