Carret Asset Management LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 15.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,932 shares of the company’s stock after purchasing an additional 5,581 shares during the period. Carret Asset Management LLC’s holdings in Mondelez International were worth $1,811,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Simmons Bank grew its holdings in Mondelez International by 0.3% in the first quarter. Simmons Bank now owns 6,265 shares of the company’s stock valued at $269,000 after purchasing an additional 20 shares during the period. Northwest Quadrant Wealth Management LLC grew its holdings in Mondelez International by 0.4% in the second quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock valued at $309,000 after purchasing an additional 30 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in Mondelez International by 0.4% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock valued at $447,000 after purchasing an additional 38 shares during the period. Choate Investment Advisors grew its holdings in Mondelez International by 0.4% in the first quarter. Choate Investment Advisors now owns 10,430 shares of the company’s stock valued at $449,000 after purchasing an additional 41 shares during the period. Finally, Needelman Asset Management Inc. grew its holdings in Mondelez International by 0.3% in the second quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock valued at $736,000 after purchasing an additional 45 shares during the period. 76.41% of the stock is currently owned by institutional investors.

MDLZ has been the topic of several research analyst reports. UBS AG reissued a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Friday, October 13th. BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 price target on shares of Mondelez International in a research note on Thursday, November 2nd. Buckingham Research lowered their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Morgan Stanley lowered their price target on Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th. Finally, J P Morgan Chase & Co lifted their price target on Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $49.40.

In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lewis W. K. Booth acquired 1,500 shares of the stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $41.29 per share, for a total transaction of $61,935.00. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.

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Mondelez International, Inc. (NASDAQ:MDLZ) opened at $42.30 on Friday. The firm has a market capitalization of $63,050.00, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 1.76 and a beta of 0.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51. Mondelez International, Inc. has a 12 month low of $39.19 and a 12 month high of $47.23.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The company had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. equities analysts forecast that Mondelez International, Inc. will post 2.14 EPS for the current fiscal year.

Mondelez International Company Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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