B. Riley Wealth Management Inc. Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

B. Riley Wealth Management Inc. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,113 shares of the company’s stock after buying an additional 666 shares during the period. B. Riley Wealth Management Inc.’s holdings in Mondelez International were worth $936,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC purchased a new stake in Mondelez International during the third quarter worth $4,704,000. Lombard Odier Asset Management Switzerland SA raised its position in Mondelez International by 16.4% during the third quarter. Lombard Odier Asset Management Switzerland SA now owns 18,944 shares of the company’s stock worth $1,039,000 after acquiring an additional 2,668 shares during the period. CWM LLC acquired a new position in Mondelez International during the fourth quarter worth $1,349,000. Brown Advisory Inc. raised its position in Mondelez International by 6.8% during the fourth quarter. Brown Advisory Inc. now owns 200,720 shares of the company’s stock worth $13,310,000 after acquiring an additional 12,802 shares during the period. Finally, Bank of The West raised its position in Mondelez International by 3.9% during the third quarter. Bank of The West now owns 57,184 shares of the company’s stock worth $3,327,000 after acquiring an additional 2,150 shares during the period. 77.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MDLZ opened at $66.28 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 12-month low of $57.63 and a 12-month high of $69.47. The firm has a 50-day moving average price of $63.21 and a 200 day moving average price of $64.02. The firm has a market capitalization of $92.02 billion, a P/E ratio of 22.32, a P/E/G ratio of 3.23 and a beta of 0.64.

Mondelez International (NASDAQ:MDLZGet Rating) last announced its earnings results on Tuesday, April 26th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. The company had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.47 billion. Mondelez International had a net margin of 14.34% and a return on equity of 14.72%. Mondelez International’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. Equities research analysts predict that Mondelez International, Inc. will post 2.99 earnings per share for the current fiscal year.

In other Mondelez International news, EVP Maurizio Brusadelli sold 26,500 shares of the stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $65.09, for a total transaction of $1,724,885.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.

A number of research firms have weighed in on MDLZ. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mondelez International from $70.00 to $73.00 in a research report on Thursday, January 20th. JPMorgan Chase & Co. reduced their target price on shares of Mondelez International from $75.00 to $72.00 and set an “overweight” rating for the company in a research report on Tuesday, March 22nd. Credit Suisse Group assumed coverage on shares of Mondelez International in a research report on Tuesday, April 12th. They issued an “outperform” rating and a $70.00 target price for the company. Barclays reduced their target price on shares of Mondelez International from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday, April 7th. Finally, BMO Capital Markets increased their target price on shares of Mondelez International from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, January 31st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $72.55.

Mondelez International Company Profile (Get Rating)

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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

See Also

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

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