2,870 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Bought by Townsend & Associates Inc

Townsend & Associates Inc purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,870 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds also recently made changes to their positions in MDLZ. DekaBank Deutsche Girozentrale increased its holdings in shares of Mondelez International by 5.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock valued at $179,520,000 after purchasing an additional 120,665 shares in the last quarter. Handelsinvest Investeringsforvaltning purchased a new position in shares of Mondelez International in the 4th quarter valued at about $1,650,000. Signature Estate & Investment Advisors LLC increased its holdings in shares of Mondelez International by 4.7% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock valued at $2,789,000 after purchasing an additional 1,713 shares in the last quarter. Bahl & Gaynor Inc. increased its holdings in shares of Mondelez International by 1.1% in the 4th quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock valued at $422,468,000 after purchasing an additional 62,595 shares in the last quarter. Finally, HS Management Partners LLC increased its holdings in Mondelez International by 8.3% during the 4th quarter. HS Management Partners LLC now owns 1,671,075 shares of the company’s stock valued at $121,036,000 after acquiring an additional 128,490 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price target on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Sanford C. Bernstein boosted their price target on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Stifel Nicolaus boosted their price target on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.75.

Mondelez International Trading Down 0.5 %

MDLZ stock traded down $0.36 during midday trading on Thursday, reaching $70.07. The stock had a trading volume of 2,109,368 shares, compared to its average volume of 7,840,516. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.54. The firm has a market cap of $94.35 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.47 and a beta of 0.55. The business has a fifty day simple moving average of $70.10 and a two-hundred day simple moving average of $71.10.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. Mondelez International’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. As a group, research analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current fiscal 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.