Elevation Point Wealth Partners LLC Boosts Holdings in Mondelez International, Inc. $MDLZ

Elevation Point Wealth Partners LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 39.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,493 shares of the company’s stock after purchasing an additional 4,683 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Mondelez International were worth $1,112,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Soundwatch Capital LLC purchased a new stake in shares of Mondelez International during the second quarter valued at approximately $27,000. Rossby Financial LCC lifted its position in Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after acquiring an additional 406 shares in the last quarter. Aspect Partners LLC boosted its stake in Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares during the last quarter. Financial Connections Group Inc. bought a new stake in shares of Mondelez International in the 2nd quarter worth $33,000. Finally, Saudi Central Bank bought a new stake in shares of Mondelez International in the 1st quarter worth $36,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada lowered their price target on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Mizuho dropped their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, October 28th. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Thursday, October 2nd. DA Davidson lowered their price objective on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Bank of America dropped their target price on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.32.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $57.21 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $73.82 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42. The firm’s 50 day moving average price is $59.77 and its 200-day moving average price is $63.47. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $71.15.

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