Charles Schwab Investment Management Inc. Purchases 127,904 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Charles Schwab Investment Management Inc. increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,399,451 shares of the company’s stock after acquiring an additional 127,904 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.54% of Mondelez International worth $535,942,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. HHM Wealth Advisors LLC bought a new position in Mondelez International during the fourth quarter valued at about $29,000. Carmel Capital Partners LLC acquired a new position in shares of Mondelez International in the third quarter valued at $28,000. First Command Advisory Services Inc. bought a new position in Mondelez International in the third quarter worth $29,000. Orion Capital Management LLC acquired a new stake in Mondelez International during the third quarter worth $35,000. Finally, Milestone Investment Advisors LLC bought a new stake in Mondelez International in the 3rd quarter valued at $56,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays decreased their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup dropped their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, Stifel Nicolaus raised their target price on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.75.

Mondelez International Trading Up 1.4 %

Shares of MDLZ traded up $0.96 during trading hours on Tuesday, reaching $70.89. The stock had a trading volume of 4,315,446 shares, compared to its average volume of 7,921,690. The firm has a 50-day moving average of $70.10 and a 200 day moving average of $71.10. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The company has a market cap of $95.45 billion, a P/E ratio of 22.50, a P/E/G ratio of 2.47 and a beta of 0.55. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. Mondelez International’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. On average, sell-side analysts expect that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

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.