Berry Wealth Group LP Purchases New Position in Mondelez International, Inc. $MDLZ

Berry Wealth Group LP purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 4,022 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors have also modified their holdings of MDLZ. Brighton Jones LLC lifted its position in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after acquiring an additional 7,025 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of Mondelez International by 132.3% during the first quarter. Foundations Investment Advisors LLC now owns 9,440 shares of the company’s stock worth $640,000 after purchasing an additional 5,377 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Mondelez International by 203.6% during the first quarter. Federated Hermes Inc. now owns 78,965 shares of the company’s stock worth $5,358,000 after purchasing an additional 52,955 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of Mondelez International in the 1st quarter valued at about $290,000. Finally, Harbour Investments Inc. boosted its position in shares of Mondelez International by 10.8% in the 1st quarter. Harbour Investments Inc. now owns 9,681 shares of the company’s stock valued at $657,000 after purchasing an additional 942 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. cut their target price on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Morgan Stanley decreased their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Finally, Sanford C. Bernstein reduced their target price on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.32.

Mondelez International Stock Down 0.2%

Shares of NASDAQ:MDLZ opened at $57.10 on Friday. The company has a market cap of $73.67 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 5.34 and a beta of 0.42. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15. The firm’s 50-day simple moving average is $59.64 and its 200-day simple moving average is $63.41. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm had revenue of $7.30 billion during the quarter. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.9 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.