Cobblestone Capital Advisors LLC NY Buys 231 Shares of Mondelez International, Inc. $MDLZ

Cobblestone Capital Advisors LLC NY boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,158 shares of the company’s stock after acquiring an additional 231 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Mondelez International were worth $280,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Price T Rowe Associates Inc. MD raised its holdings in Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after acquiring an additional 13,755,181 shares during the period. Nuveen LLC bought a new stake in Mondelez International in the first quarter worth $866,843,000. Invesco Ltd. increased its holdings in shares of Mondelez International by 1.1% in the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock worth $851,327,000 after buying an additional 137,604 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in Mondelez International by 1.5% during the 1st quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock valued at $417,090,000 after purchasing an additional 89,362 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 1.5%

Shares of Mondelez International stock opened at $61.66 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. The firm’s 50-day moving average is $62.21 and its two-hundred day moving average is $65.08. The stock has a market cap of $79.78 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 5.44 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $7.30 billion for the quarter. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Piper Sandler upped their price target on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. JPMorgan Chase & Co. cut their target price on Mondelez International from $75.00 to $74.00 and set an “overweight” rating on the stock in a research note on Friday, October 17th. Wells Fargo & Company cut their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Finally, Sanford C. Bernstein upped their price objective on Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.22.

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.