ABN Amro Investment Solutions Makes New $1.66 Million Investment in Mondelez International, Inc. $MDLZ

ABN Amro Investment Solutions purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 24,634 shares of the company’s stock, valued at approximately $1,661,000.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after purchasing an additional 13,755,181 shares during the period. Nuveen LLC bought a new stake in shares of Mondelez International in the first quarter valued at approximately $866,843,000. Goldman Sachs Group Inc. raised its holdings in Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the period. Natixis Advisors LLC raised its stake in shares of Mondelez International by 148.6% during the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock valued at $201,549,000 after purchasing an additional 1,775,570 shares during the period. Finally, National Pension Service lifted its holdings in Mondelez International by 32.1% during the 2nd quarter. National Pension Service now owns 4,106,551 shares of the company’s stock worth $276,946,000 after purchasing an additional 998,953 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $56.86 on Friday. 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, Inc. has a one year low of $53.95 and a one year high of $71.15. The stock has a market cap of $73.37 billion, a PE ratio of 21.30, a P/E/G ratio of 5.34 and a beta of 0.42. The firm has a 50 day simple moving average of $60.85 and a two-hundred day simple moving average of $64.15.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. cut their price objective on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Zacks Research cut shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Mizuho lowered their target price on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 28th. Finally, Wells Fargo & Company cut their price target on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.