ProShare Advisors LLC Buys 285,842 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

ProShare Advisors LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 20.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,708,072 shares of the company’s stock after buying an additional 285,842 shares during the quarter. ProShare Advisors LLC owned about 0.13% of Mondelez International worth $102,023,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Mufg Securities Americas Inc. bought a new position in Mondelez International in the fourth quarter valued at approximately $1,179,000. Nissay Asset Management Corp Japan ADV lifted its position in shares of Mondelez International by 4.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 299,217 shares of the company’s stock worth $18,016,000 after purchasing an additional 12,813 shares in the last quarter. NorthRock Partners LLC lifted its position in shares of Mondelez International by 162.9% in the fourth quarter. NorthRock Partners LLC now owns 547,701 shares of the company’s stock worth $32,714,000 after purchasing an additional 339,337 shares in the last quarter. Northeast Financial Consultants Inc lifted its position in shares of Mondelez International by 2.2% in the fourth quarter. Northeast Financial Consultants Inc now owns 23,602 shares of the company’s stock worth $1,410,000 after purchasing an additional 504 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Mondelez International in the fourth quarter worth $5,853,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 2.5%

Shares of Mondelez International stock opened at $65.14 on Friday. The firm has a 50-day moving average of $66.20 and a 200-day moving average of $63.44. The stock has a market cap of $84.34 billion, a PE ratio of 19.05, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same quarter in the prior year, the business posted $0.93 earnings per share. Mondelez International’s revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Barclays boosted their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Stifel Nicolaus boosted their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. The Goldman Sachs Group lowered their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a report on Friday, February 7th. Finally, DA Davidson downgraded shares of Mondelez International from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $70.55.

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.