Hardy Reed LLC Raises Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Hardy Reed LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,511 shares of the company’s stock after purchasing an additional 161 shares during the quarter. Hardy Reed LLC’s holdings in Mondelez International were worth $848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MDLZ. Mizuho Securities USA LLC grew its holdings in shares of Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after buying an additional 12,470,573 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after acquiring an additional 4,794,746 shares during the last quarter. FMR LLC raised its holdings in Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares during the last quarter. Wulff Hansen & CO. lifted its stake in shares of Mondelez International by 6,311.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock worth $114,575,000 after purchasing an additional 1,723,537 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Mondelez International by 231.4% during the second quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock worth $118,101,000 after purchasing an additional 1,260,124 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $64.88 on Wednesday. The company has a market cap of $86.76 billion, a P/E ratio of 23.01, a PEG ratio of 2.93 and a beta of 0.55. Mondelez International, Inc. has a one year low of $63.40 and a one year high of $77.20. The business’s 50-day simple moving average is $69.62 and its 200 day simple moving average is $69.24. 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 (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

MDLZ has been the topic of several recent analyst reports. 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 research report on Wednesday, July 31st. Piper Sandler raised their target price on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Wells Fargo & Company cut their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Citigroup decreased their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $80.31.

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.