Quilter Plc Raises Stock Position in Mondelez International, Inc. $MDLZ

Quilter Plc grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,124,100 shares of the company’s stock after purchasing an additional 57,788 shares during the quarter. Mondelez International makes up 1.4% of Quilter Plc’s portfolio, making the stock its 25th biggest position. Quilter Plc owned 0.09% of Mondelez International worth $75,809,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Rossby Financial LCC lifted its holdings in shares of Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares during the last quarter. Aspect Partners LLC grew its stake in Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after buying an additional 305 shares during the last quarter. Financial Connections Group Inc. acquired a new position in Mondelez International during the 2nd quarter valued at about $33,000. Saudi Central Bank purchased a new stake in Mondelez International in the first quarter valued at about $36,000. Finally, Traub Capital Management LLC acquired a new stake in Mondelez International in the second quarter worth about $37,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $56.08 on Thursday. The company has a 50 day moving average price of $60.46 and a 200-day moving average price of $63.88. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.15. The firm has a market cap of $72.36 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group lowered their price objective on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. 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, Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Thursday, October 2nd. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.37.

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.