Twinbeech Capital LP Invests $32.25 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

Twinbeech Capital LP purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 539,926 shares of the company's stock, valued at approximately $32,250,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Glass Jacobson Investment Advisors llc lifted its stake in shares of Mondelez International by 6.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after buying an additional 168 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock worth $627,000 after purchasing an additional 181 shares during the period. Traphagen Investment Advisors LLC raised its stake in Mondelez International by 0.8% during the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after purchasing an additional 187 shares during the period. Core Alternative Capital raised its stake in Mondelez International by 1.7% during the fourth quarter. Core Alternative Capital now owns 11,448 shares of the company's stock worth $684,000 after purchasing an additional 187 shares during the period. Finally, Waldron Private Wealth LLC raised its stake in Mondelez International by 1.0% during the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock worth $1,164,000 after purchasing an additional 191 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.3%

Shares of MDLZ stock opened at $65.32 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock has a market capitalization of $84.58 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a 50 day moving average price of $66.15 and a 200 day moving average price of $63.33. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The firm had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 earnings per share. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on MDLZ shares. Wells Fargo & Company lifted their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Jefferies Financial Group downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Piper Sandler lifted their target price on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average target price of $70.55.

Mondelez International 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.

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