Inspire Advisors LLC Takes $1.62 Million Position in Mondelez International, Inc. $MDLZ

Inspire Advisors LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 24,067 shares of the company’s stock, valued at approximately $1,623,000.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after purchasing an additional 7,025 shares during the last quarter. AMG National Trust Bank raised its position in shares of Mondelez International by 12.1% in the first quarter. AMG National Trust Bank now owns 6,923 shares of the company’s stock valued at $470,000 after buying an additional 745 shares during the last quarter. Elyxium Wealth LLC purchased a new position in shares of Mondelez International during the first quarter valued at approximately $266,000. J.W. Cole Advisors Inc. lifted its stake in shares of Mondelez International by 597.2% during the first quarter. J.W. Cole Advisors Inc. now owns 66,102 shares of the company’s stock valued at $4,485,000 after buying an additional 56,621 shares during the period. Finally, Souders Financial Advisors acquired a new stake in Mondelez International during the first quarter worth approximately $465,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $55.57 on Tuesday. The business has a 50-day moving average of $60.72 and a two-hundred day moving average of $64.02. The firm has a market capitalization of $71.71 billion, a PE ratio of 20.81, a P/E/G ratio of 5.34 and a beta of 0.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MDLZ shares. Mizuho cut their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. Wall Street Zen lowered Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Royal Bank Of Canada reduced their target price on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Barclays lowered their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Morgan Stanley cut their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $68.37.

Mondelez International 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.