Mondelez International, Inc. $MDLZ Stock Position Lifted by Cetera Investment Advisers

Cetera Investment Advisers lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 291,913 shares of the company’s stock after acquiring an additional 14,581 shares during the quarter. Cetera Investment Advisers’ holdings in Mondelez International were worth $19,687,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares during the last quarter. GW&K Investment Management LLC raised its stake in Mondelez International by 37.4% during the first quarter. GW&K Investment Management LLC now owns 804 shares of the company’s stock worth $55,000 after acquiring an additional 219 shares during the period. Obermeyer Wealth Partners raised its stake in Mondelez International by 11.6% during the first quarter. Obermeyer Wealth Partners now owns 8,943 shares of the company’s stock worth $607,000 after acquiring an additional 931 shares during the period. Choreo LLC lifted its holdings in Mondelez International by 1.2% in the first quarter. Choreo LLC now owns 80,308 shares of the company’s stock worth $5,486,000 after acquiring an additional 980 shares during the last quarter. Finally, KLP Kapitalforvaltning AS grew its holdings in shares of Mondelez International by 0.7% during the first quarter. KLP Kapitalforvaltning AS now owns 517,704 shares of the company’s stock valued at $35,333,000 after purchasing an additional 3,500 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several analyst reports. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Barclays dropped their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Sanford C. Bernstein reduced their price objective on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Finally, Evercore ISI decreased their target price on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.37.

Mondelez International Stock Up 0.4%

MDLZ stock opened at $55.78 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. The firm has a market capitalization of $71.98 billion, a P/E ratio of 20.89, a P/E/G ratio of 5.34 and a beta of 0.42. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.15. The company’s 50 day simple moving average is $60.58 and its 200-day simple moving average is $63.94.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm had revenue of $7.30 billion during the quarter. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

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.