TCG Advisory Services LLC Increases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

TCG Advisory Services LLC increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 91.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,100 shares of the company’s stock after acquiring an additional 6,269 shares during the period. TCG Advisory Services LLC’s holdings in Mondelez International were worth $949,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its stake in Mondelez International by 5.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock worth $179,520,000 after purchasing an additional 120,665 shares during the last quarter. Handelsinvest Investeringsforvaltning bought a new stake in shares of Mondelez International in the fourth quarter worth about $1,650,000. Signature Estate & Investment Advisors LLC increased its holdings in Mondelez International by 4.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock valued at $2,789,000 after purchasing an additional 1,713 shares during the period. Bahl & Gaynor Inc. raised its position in Mondelez International by 1.1% during the 4th quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock valued at $422,468,000 after purchasing an additional 62,595 shares during the last quarter. Finally, HS Management Partners LLC lifted its holdings in Mondelez International by 8.3% in the 4th quarter. HS Management Partners LLC now owns 1,671,075 shares of the company’s stock worth $121,036,000 after buying an additional 128,490 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Down 0.9 %

Shares of MDLZ traded down $0.61 during trading hours on Friday, hitting $69.89. The company had a trading volume of 8,093,601 shares, compared to its average volume of 9,882,163. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $78.54. The firm has a fifty day moving average price of $70.21 and a 200-day moving average price of $70.91. The stock has a market capitalization of $94.11 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.44 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.77.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 earnings per share. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stifel Nicolaus boosted their target price on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Sanford C. Bernstein upped their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. Citigroup dropped their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.75.

About Mondelez International

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.