Howard Capital Management Inc. Boosts Stock Position in Mondelez International, Inc. $MDLZ

Howard Capital Management Inc. lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 37,031 shares of the company’s stock after buying an additional 3,180 shares during the quarter. Howard Capital Management Inc.’s holdings in Mondelez International were worth $2,515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Abound Financial LLC purchased a new stake in Mondelez International during the 1st quarter worth about $25,000. Rossby Financial LCC increased its holdings in Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares during the period. North Capital Inc. purchased a new stake in Mondelez International during the 1st quarter worth about $31,000. Financial Connections Group Inc. purchased a new stake in Mondelez International during the 2nd quarter worth about $33,000. Finally, Saudi Central Bank purchased a new stake in Mondelez International during the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MDLZ. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a report on Thursday, October 2nd. Barclays upped their price target on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Piper Sandler upped their price target on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Finally, Mizuho cut their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $70.39.

Mondelez International Trading Down 2.4%

NASDAQ:MDLZ opened at $60.21 on Wednesday. The stock has a 50-day simple moving average of $62.16 and a 200-day simple moving average of $65.04. The stock has a market cap of $77.91 billion, a P/E ratio of 22.05, a P/E/G ratio of 5.52 and a beta of 0.45. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64.

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

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.