Deroy & Devereaux Private Investment Counsel Inc. Has $25.76 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 349,677 shares of the company’s stock after acquiring an additional 2,870 shares during the period. Mondelez International comprises 1.5% of Deroy & Devereaux Private Investment Counsel Inc.’s investment portfolio, making the stock its 29th biggest holding. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Mondelez International were worth $25,761,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Axiom Advisory LLC grew its holdings in Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after purchasing an additional 143 shares during the period. Cadence Bank grew its holdings in Mondelez International by 1.3% in the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after purchasing an additional 148 shares during the period. Evermay Wealth Management LLC grew its holdings in Mondelez International by 2.6% in the first quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after purchasing an additional 149 shares during the period. Sachetta LLC grew its holdings in Mondelez International by 14.0% in the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after purchasing an additional 149 shares during the period. Finally, Carnegie Investment Counsel grew its holdings in Mondelez International by 1.4% in the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 1.9 %

MDLZ opened at $68.48 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.50 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 1-year low of $64.18 and a 1-year high of $77.20. The company has a market capitalization of $91.48 billion, a PE ratio of 24.28, a PEG ratio of 2.96 and a beta of 0.54. The firm’s 50 day simple moving average is $72.40 and its two-hundred day simple moving average is $69.74.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the firm earned $0.82 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MDLZ shares. Evercore ISI upped their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Wells Fargo & Company cut their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday. Citigroup cut their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday. Sanford C. Bernstein cut their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, DA Davidson cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.94.

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.