ABN AMRO Bank N.V. Invests $3.06 Million in Mondelez International, Inc. $MDLZ

ABN AMRO Bank N.V. purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 45,122 shares of the company’s stock, valued at approximately $3,056,000.

A number of other hedge funds have also recently modified their holdings of MDLZ. Rossby Financial LCC increased its position in shares of Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after buying an additional 406 shares during the period. Aspect Partners LLC boosted its position in Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after acquiring an additional 305 shares in the last quarter. Financial Connections Group Inc. purchased a new position in shares of Mondelez International during the 2nd quarter worth approximately $33,000. Saudi Central Bank bought a new position in shares of Mondelez International in the 1st quarter worth approximately $36,000. Finally, Traub Capital Management LLC bought a new position in shares of Mondelez International in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented 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 on the stock in a report on Wednesday, October 29th. DZ Bank raised shares of Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Finally, Sanford C. Bernstein decreased their target price on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average target price of $68.37.

Mondelez International Price Performance

NASDAQ MDLZ opened at $55.75 on Friday. The company has a 50-day moving average price of $60.33 and a 200-day moving average price of $63.83. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $71.94 billion, a P/E ratio of 20.88, a PEG ratio of 5.34 and a beta of 0.42.

Mondelez International (NASDAQ:MDLZ) last announced its 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 company had revenue of $7.30 billion for the quarter. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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.