5,000 Shares in Mondelez International, Inc. $MDLZ Purchased by Cherokee Insurance Co

Cherokee Insurance Co acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $337,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares during the period. Nuveen LLC acquired a new position in Mondelez International in the first quarter valued at about $866,843,000. Goldman Sachs Group Inc. boosted its stake in Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after buying an additional 3,454,174 shares during the period. Natixis Advisors LLC boosted its stake in Mondelez International by 148.6% during the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after buying an additional 1,775,570 shares during the period. Finally, National Pension Service increased its position in shares of Mondelez International by 32.1% during the second quarter. National Pension Service now owns 4,106,551 shares of the company’s stock valued at $276,946,000 after acquiring an additional 998,953 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.2%

NASDAQ:MDLZ opened at $57.01 on Thursday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15. The firm has a market cap of $73.56 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. The stock has a fifty day moving average price of $61.02 and a 200 day moving average price of $64.26.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $7.30 billion during the quarter. Sell-side analysts anticipate 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 a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Morgan Stanley lowered their price target on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Finally, Sanford C. Bernstein lowered their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.37.

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.