Profund Advisors LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,320 shares of the company’s stock after acquiring an additional 8,802 shares during the quarter. Profund Advisors LLC’s holdings in Mondelez International were worth $6,315,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares in the last quarter. United Bank boosted its holdings in Mondelez International by 13.2% during the second quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after buying an additional 3,070 shares in the last quarter. Sei Investments Co. boosted its holdings in Mondelez International by 15.1% during the second quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock worth $36,924,000 after buying an additional 71,667 shares in the last quarter. Osterweis Capital Management Inc. boosted its holdings in Mondelez International by 4,470.0% during the second quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock worth $92,000 after buying an additional 1,341 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in Mondelez International by 144.9% during the second quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock worth $532,000 after buying an additional 4,668 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International Stock Performance
Shares of MDLZ opened at $61.64 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. The company has a market capitalization of $79.12 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 2.37 and a beta of 0.39. The company’s 50 day simple moving average is $58.27 and its 200 day simple moving average is $57.43. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Argus raised shares of Mondelez International to a “hold” rating in a report on Thursday, February 12th. Finally, Rothschild & Co Redburn reissued a “neutral” rating and set a $55.00 price objective (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.05.
Check Out Our Latest Report on MDLZ
About Mondelez International
Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
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