Mondelez International, Inc. $MDLZ Shares Purchased by Bronte Capital Management Pty Ltd.

Bronte Capital Management Pty Ltd. grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,336 shares of the company’s stock after acquiring an additional 8,373 shares during the period. Mondelez International comprises approximately 0.9% of Bronte Capital Management Pty Ltd.’s holdings, making the stock its 11th biggest holding. Bronte Capital Management Pty Ltd.’s holdings in Mondelez International were worth $4,474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MDLZ. Rossby Financial LCC increased its holdings in Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares during the last quarter. Aspect Partners LLC grew its position in shares of Mondelez International by 180.5% during the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after buying an additional 305 shares in the last quarter. Financial Connections Group Inc. bought a new stake in shares of Mondelez International in the second quarter worth $33,000. Saudi Central Bank acquired a new stake in Mondelez International in the first quarter valued at $36,000. Finally, Traub Capital Management LLC bought a new position in Mondelez International during the 2nd quarter valued at $37,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.5%

Shares of NASDAQ MDLZ opened at $56.08 on Thursday. The company has a market cap of $72.36 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42. The stock’s 50 day simple moving average is $60.46 and its 200 day simple moving average is $63.88. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share 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. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MDLZ shares. Wells Fargo & Company dropped their target price 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. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Zacks Research downgraded Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Sanford C. Bernstein decreased their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Finally, DA Davidson dropped their price target on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.