N.E.W. Advisory Services LLC Invests $203,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

N.E.W. Advisory Services LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,796 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in Mondelez International by 48.8% during the 3rd quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock worth $343,411,000 after purchasing an additional 1,623,588 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Mondelez International by 44.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock valued at $261,370,000 after acquiring an additional 1,159,900 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Mondelez International during the 3rd quarter valued at approximately $71,311,000. Envestnet Asset Management Inc. grew its stake in shares of Mondelez International by 38.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock valued at $226,531,000 after purchasing an additional 900,445 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its stake in shares of Mondelez International by 52.7% during the third quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock worth $168,660,000 after purchasing an additional 838,651 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent research reports. Sanford C. Bernstein boosted their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Stifel Nicolaus boosted their target price on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Citigroup reduced their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft upped their price objective on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Barclays reduced their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $80.75.

Mondelez International Trading Up 1.4 %

Shares of MDLZ stock traded up $0.96 on Tuesday, reaching $70.89. 4,315,446 shares of the stock were exchanged, compared to its average volume of 7,921,690. The firm has a 50 day moving average of $70.10 and a two-hundred day moving average of $71.10. The stock has a market cap of $95.45 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $78.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same period in the prior year, the firm earned $0.89 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, research analysts anticipate that Mondelez International, Inc. will post 3.5 EPS for the current 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.