Profund Advisors LLC Acquires 8,036 Shares of Mondelez International, Inc. $MDLZ

Profund Advisors LLC boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,350 shares of the company’s stock after purchasing an additional 8,036 shares during the quarter. Profund Advisors LLC’s holdings in Mondelez International were worth $7,509,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MDLZ. King Luther Capital Management Corp lifted its stake in Mondelez International by 3.4% in the 2nd quarter. King Luther Capital Management Corp now owns 340,290 shares of the company’s stock worth $22,949,000 after purchasing an additional 11,085 shares in the last quarter. PFG Advisors purchased a new stake in shares of Mondelez International in the second quarter worth about $240,000. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Mondelez International by 13.1% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 8,882 shares of the company’s stock valued at $599,000 after buying an additional 1,029 shares during the last quarter. Midwest Trust Co bought a new position in Mondelez International during the second quarter valued at approximately $2,316,000. Finally, Acadian Asset Management LLC grew its holdings in Mondelez International by 42.6% during the 2nd quarter. Acadian Asset Management LLC now owns 126,735 shares of the company’s stock valued at $8,541,000 after buying an additional 37,884 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $57.18 on Monday. The firm’s 50 day simple moving average is $61.31 and its 200-day simple moving average is $64.43. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.15. The firm has a market cap of $73.99 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MDLZ shares. Bank of America dropped their price target on Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a report on Thursday, October 2nd. UBS Group lowered their price target on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company cut their price objective on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.68.

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.