Segall Bryant & Hamill LLC Buys 203,714 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Segall Bryant & Hamill LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 93.6% in the third quarter, Holdings Channel.com reports. The firm owned 421,349 shares of the company’s stock after acquiring an additional 203,714 shares during the period. Segall Bryant & Hamill LLC’s holdings in Mondelez International were worth $31,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of MDLZ. E Fund Management Hong Kong Co. Ltd. bought a new stake in Mondelez International in the 2nd quarter valued at $26,000. Lynx Investment Advisory bought a new stake in Mondelez International in the 2nd quarter valued at $27,000. Prospera Private Wealth LLC bought a new stake in Mondelez International in the 3rd quarter valued at $27,000. Richardson Financial Services Inc. boosted its holdings in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International during the 2nd quarter worth about $29,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 0.0 %

Shares of NASDAQ:MDLZ opened at $63.87 on Wednesday. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The company has a market capitalization of $85.41 billion, a PE ratio of 22.65, a PEG ratio of 2.91 and a beta of 0.55. The company has a 50 day moving average price of $70.65 and a two-hundred day moving average price of $69.45.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MDLZ. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Citigroup reduced their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Piper Sandler raised their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $80.31.

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.