Strategy Asset Managers LLC Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Strategy Asset Managers LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,526 shares of the company’s stock after acquiring an additional 528 shares during the period. Strategy Asset Managers LLC’s holdings in Mondelez International were worth $628,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MDLZ. Segall Bryant & Hamill LLC lifted its stake in Mondelez International by 93.6% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 421,349 shares of the company’s stock valued at $31,041,000 after buying an additional 203,714 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International in the third quarter worth $27,000. West Family Investments Inc. lifted its position in shares of Mondelez International by 76.1% in the third quarter. West Family Investments Inc. now owns 5,707 shares of the company’s stock valued at $420,000 after acquiring an additional 2,466 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Mondelez International by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 2,158,395 shares of the company’s stock valued at $159,009,000 after acquiring an additional 12,431 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Mondelez International during the third quarter valued at $10,029,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI raised their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. The Goldman Sachs Group started coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. Stifel Nicolaus increased their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, DA Davidson lowered their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Stock Up 0.9 %

NASDAQ MDLZ opened at $64.42 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $77.20. The business has a 50 day moving average price of $70.45 and a two-hundred day moving average price of $69.42. The stock has a market cap of $86.14 billion, a PE ratio of 22.84, a P/E/G ratio of 2.91 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share 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 business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.48 EPS 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.