Tidal Investments LLC Acquires 126,495 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Tidal Investments LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 129.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 224,378 shares of the company’s stock after purchasing an additional 126,495 shares during the quarter. Tidal Investments LLC’s holdings in Mondelez International were worth $13,402,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its holdings in Mondelez International by 21.2% during the 4th quarter. Park Avenue Securities LLC now owns 23,950 shares of the company’s stock valued at $1,431,000 after buying an additional 4,193 shares in the last quarter. HB Wealth Management LLC grew its holdings in Mondelez International by 9.6% during the 4th quarter. HB Wealth Management LLC now owns 80,808 shares of the company’s stock valued at $4,827,000 after buying an additional 7,087 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in Mondelez International by 56.5% during the 4th quarter. Ameritas Advisory Services LLC now owns 4,903 shares of the company’s stock valued at $293,000 after buying an additional 1,771 shares in the last quarter. Monarch Capital Management Inc. grew its holdings in Mondelez International by 9.4% during the 4th quarter. Monarch Capital Management Inc. now owns 3,475 shares of the company’s stock valued at $209,000 after buying an additional 300 shares in the last quarter. Finally, HF Advisory Group LLC grew its holdings in Mondelez International by 3.5% during the 4th quarter. HF Advisory Group LLC now owns 6,505 shares of the company’s stock valued at $389,000 after buying an additional 219 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.3%

Shares of NASDAQ MDLZ opened at $65.32 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $66.15 and a two-hundred day simple moving average of $63.33. The firm has a market cap of $84.58 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Mondelez International’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. Analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MDLZ has been the subject of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. The Goldman Sachs Group dropped their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Mizuho lifted their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, Wells Fargo & Company lifted their target price on Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $70.55.

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.