Journey Strategic Wealth LLC Has $966,000 Holdings in Mondelez International, Inc. $MDLZ

Journey Strategic Wealth LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 143.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 14,319 shares of the company’s stock after acquiring an additional 8,427 shares during the period. Journey Strategic Wealth LLC’s holdings in Mondelez International were worth $966,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Rossby Financial LCC increased its stake in shares of Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after buying an additional 406 shares in the last quarter. Aspect Partners LLC grew its holdings in Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after acquiring an additional 305 shares during the last quarter. Financial Connections Group Inc. bought a new position in Mondelez International in the 2nd quarter worth approximately $33,000. Saudi Central Bank acquired a new position in Mondelez International during the 1st quarter worth $36,000. Finally, Traub Capital Management LLC acquired a new stake in shares of Mondelez International in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $57.00 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61. The firm has a market cap 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, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15. The firm’s 50-day simple moving average is $60.23 and its 200 day simple moving average is $63.75.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS 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%. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MDLZ shares. Piper Sandler cut their target price on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday. UBS Group decreased their price objective on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Morgan Stanley lowered their price target on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Stifel Nicolaus decreased their price target on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Fourteen equities research 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.32.

Mondelez International Company 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.