Kolinsky Wealth Management LLC Takes $222,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Kolinsky Wealth Management LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, HoldingsChannel reports. The firm purchased 3,019 shares of the company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MDLZ. Cetera Investment Advisers raised its position in shares of Mondelez International by 224.4% during the first quarter. Cetera Investment Advisers now owns 326,976 shares of the company’s stock worth $22,888,000 after purchasing an additional 226,173 shares during the period. Cetera Advisors LLC increased its stake in Mondelez International by 102.9% during the 1st quarter. Cetera Advisors LLC now owns 59,699 shares of the company’s stock valued at $4,179,000 after purchasing an additional 30,280 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in Mondelez International during the first quarter worth $321,000. Mosaic Family Wealth Partners LLC raised its holdings in Mondelez International by 7.4% during the first quarter. Mosaic Family Wealth Partners LLC now owns 4,364 shares of the company’s stock worth $305,000 after buying an additional 302 shares during the last quarter. Finally, Keynote Financial Services LLC bought a new position in shares of Mondelez International in the first quarter valued at $259,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MDLZ shares. Stifel Nicolaus boosted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Wells Fargo & Company dropped their target price on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Piper Sandler upped their price target on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Citigroup dropped their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.93.

Mondelez International Price Performance

MDLZ opened at $64.95 on Friday. Mondelez International, Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $77.20. The firm has a 50-day moving average of $69.04 and a 200 day moving average of $69.14. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm has a market cap of $86.85 billion, a P/E ratio of 23.03, a PEG ratio of 2.94 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. On average, research analysts expect that Mondelez International, Inc. will post 3.48 EPS 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.