Evelyn Partners Investment Management Services Ltd Raises Stake in Mondelez International, Inc. $MDLZ

Evelyn Partners Investment Management Services Ltd lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 16.8% in the second quarter, HoldingsChannel.com reports. The firm owned 199,762 shares of the company’s stock after purchasing an additional 28,734 shares during the quarter. Mondelez International comprises about 1.3% of Evelyn Partners Investment Management Services Ltd’s investment portfolio, making the stock its 21st biggest holding. Evelyn Partners Investment Management Services Ltd’s holdings in Mondelez International were worth $12,771,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MDLZ. Evelyn Partners Investment Management Europe Ltd raised its holdings in Mondelez International by 15.7% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 6,535 shares of the company’s stock valued at $406,000 after acquiring an additional 885 shares during the period. Evelyn Partners Asset Management Ltd grew its position in shares of Mondelez International by 111.7% during the second quarter. Evelyn Partners Asset Management Ltd now owns 23,317 shares of the company’s stock worth $1,572,000 after purchasing an additional 12,303 shares in the last quarter. Journey Strategic Wealth LLC raised its stake in Mondelez International by 143.0% during the 2nd quarter. Journey Strategic Wealth LLC now owns 14,319 shares of the company’s stock valued at $966,000 after purchasing an additional 8,427 shares during the period. Brandywine Global Investment Management LLC lifted its holdings in Mondelez International by 14.1% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 893,029 shares of the company’s stock worth $60,226,000 after purchasing an additional 110,246 shares in the last quarter. Finally, MAI Capital Management boosted its stake in Mondelez International by 2.7% in the 2nd quarter. MAI Capital Management now owns 335,040 shares of the company’s stock worth $22,595,000 after purchasing an additional 8,741 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MDLZ shares. Barclays reduced their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Royal Bank Of Canada reduced their price target on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Mizuho decreased their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 28th. Piper Sandler cut their price objective on Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Morgan Stanley reduced their target price on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.32.

Mondelez International Stock Up 2.2%

Shares of NASDAQ MDLZ opened at $57.00 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15. The firm’s 50-day moving average price is $60.23 and its 200-day moving average price is $63.75. The stock has a market capitalization of $73.55 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 5.34 and a beta of 0.42.

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 return on equity of 14.16% and a net margin of 9.38%. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal 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.