Soltis Investment Advisors LLC Purchases 4,741 Shares of Mondelez International, Inc. $MDLZ

Soltis Investment Advisors LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 144.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,020 shares of the company’s stock after buying an additional 4,741 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Mondelez International were worth $541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new position in shares of Mondelez International during the first quarter worth approximately $866,843,000. Goldman Sachs Group Inc. raised its position in shares of Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after buying an additional 3,454,174 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Mondelez International by 148.6% in the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock valued at $201,549,000 after buying an additional 1,775,570 shares during the period. Finally, Hamlin Capital Management LLC acquired a new stake in Mondelez International during the first quarter worth approximately $64,152,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MDLZ. Sanford C. Bernstein cut their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Bank of America cut their price objective on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Stifel Nicolaus dropped their target price on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, Piper Sandler reduced their price target on shares of Mondelez International from $67.00 to $63.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $68.68.

Mondelez International Stock Performance

Mondelez International stock opened at $57.18 on Friday. The business has a 50 day moving average of $61.31 and a 200-day moving average of $64.48. The company has a market capitalization of $73.99 billion, a P/E ratio of 21.42, a P/E/G ratio of 5.34 and a beta of 0.42. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. 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 (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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.