Lucia Wealth Services LLC Acquires New Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

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Lucia Wealth Services LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,094 shares of the company’s stock, valued at approximately $120,000.

A number of other hedge funds have also modified their holdings of the stock. SevenBridge Financial Group LLC increased its position in shares of Mondelez International by 20.2% during the 2nd quarter. SevenBridge Financial Group LLC now owns 8,040 shares of the company’s stock worth $411,000 after purchasing an additional 1,350 shares during the last quarter. Liberty One Investment Management LLC lifted its stake in shares of Mondelez International by 5.8% in the 2nd quarter. Liberty One Investment Management LLC now owns 237,187 shares of the company’s stock worth $12,127,000 after acquiring an additional 12,972 shares during the period. CWM LLC lifted its stake in shares of Mondelez International by 5,332.3% in the 2nd quarter. CWM LLC now owns 361,897 shares of the company’s stock worth $18,504,000 after acquiring an additional 355,235 shares during the period. Capital Investment Advisors LLC lifted its stake in shares of Mondelez International by 3.1% in the 2nd quarter. Capital Investment Advisors LLC now owns 17,403 shares of the company’s stock worth $890,000 after acquiring an additional 527 shares during the period. Finally, Strategic Wealth Management Group LLC lifted its stake in shares of Mondelez International by 4.8% in the 2nd quarter. Strategic Wealth Management Group LLC now owns 4,372 shares of the company’s stock worth $224,000 after acquiring an additional 200 shares during the period. 75.10% of the stock is currently owned by institutional investors.

Several analysts recently commented on MDLZ shares. Barclays reiterated a “buy” rating and issued a $62.00 price objective on shares of Mondelez International in a research note on Thursday, July 30th. UBS Group raised their price objective on shares of Mondelez International from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, November 3rd. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Seaport Global Securities started coverage on shares of Mondelez International in a research note on Tuesday, July 28th. They issued a “buy” rating and a $61.00 price objective for the company. Finally, Piper Sandler raised their price objective on shares of Mondelez International from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, September 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $62.13.

MDLZ stock traded down $0.18 during mid-day trading on Tuesday, reaching $58.50. 69,223 shares of the stock traded hands, compared to its average volume of 7,147,170. The company has a current ratio of 0.74, a quick ratio of 0.36 and a debt-to-equity ratio of 0.70. Mondelez International, Inc. has a 52-week low of $41.19 and a 52-week high of $59.96. The company has a market cap of $83.81 billion, a P/E ratio of 26.92, a P/E/G ratio of 3.10 and a beta of 0.59. The stock’s fifty day moving average is $56.49 and its 200-day moving average is $54.37.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.48 billion. Mondelez International had a net margin of 11.99% and a return on equity of 13.92%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. Equities research analysts expect that Mondelez International, Inc. will post 2.59 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 worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

Further Reading: Gap Down Stocks

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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