ProShare Advisors LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 38.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,241,758 shares of the company’s stock after buying an additional 622,328 shares during the period. ProShare Advisors LLC owned approximately 0.17% of Mondelez International worth $120,674,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of MDLZ. Intrua Financial LLC raised its holdings in Mondelez International by 6.5% during the 4th quarter. Intrua Financial LLC now owns 4,047 shares of the company’s stock worth $218,000 after buying an additional 247 shares during the period. Integrated Investment Consultants LLC raised its holdings in Mondelez International by 253.9% during the 4th quarter. Integrated Investment Consultants LLC now owns 12,422 shares of the company’s stock worth $669,000 after buying an additional 8,912 shares during the period. Tucker Asset Management LLC acquired a new stake in Mondelez International during the 4th quarter worth about $58,000. North Dakota State Investment Board acquired a new stake in Mondelez International during the 4th quarter worth about $2,392,000. Finally, Rossmore Private Capital raised its holdings in Mondelez International by 0.7% during the 4th quarter. Rossmore Private Capital now owns 50,077 shares of the company’s stock worth $2,721,000 after buying an additional 340 shares during the period. Institutional investors own 78.32% of the company’s stock.
Mondelez International Price Performance
Shares of MDLZ opened at $61.29 on Wednesday. The company has a market capitalization of $78.67 billion, a price-to-earnings ratio of 30.49, a P/E/G ratio of 2.41 and a beta of 0.39. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The business’s 50-day moving average is $58.33 and its 200-day moving average is $57.46.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Zacks Research raised shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. UBS Group boosted their target price on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. Barclays boosted their target price on shares of Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $67.05.
Check Out Our Latest Analysis on MDLZ
About Mondelez International
Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
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