Allworth Financial LP Acquires 37,977 Shares of Mondelez International, Inc. $MDLZ

Allworth Financial LP raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 346,224 shares of the company’s stock after buying an additional 37,977 shares during the period. Allworth Financial LP’s holdings in Mondelez International were worth $23,349,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hemington Wealth Management raised its stake in Mondelez International by 11.4% in the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after acquiring an additional 156 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mondelez International by 37.2% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares during the last quarter. Enterprise Bank & Trust Co raised its position in shares of Mondelez International by 0.7% in the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock valued at $1,616,000 after purchasing an additional 170 shares during the period. Sage Private Wealth Group LLC lifted its stake in shares of Mondelez International by 3.7% during the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock worth $334,000 after buying an additional 175 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC boosted its holdings in shares of Mondelez International by 4.9% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock worth $250,000 after buying an additional 175 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MDLZ. Morgan Stanley lowered their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Evercore ISI reduced their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Mizuho lowered their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 28th. Finally, Stifel Nicolaus dropped their target price on Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $68.68.

Mondelez International Price Performance

Mondelez International stock opened at $57.18 on Monday. 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. 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 stock’s fifty day moving average price is $61.31 and its two-hundred day moving average price is $64.43. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.15.

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

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.