Picton Mahoney Asset Management Buys 20,562 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Picton Mahoney Asset Management increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,539 shares of the company’s stock after buying an additional 20,562 shares during the quarter. Picton Mahoney Asset Management’s holdings in Mondelez International were worth $15,106,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Northern Trust Corp lifted its holdings in shares of Mondelez International by 1.8% during the third quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock valued at $1,186,715,000 after acquiring an additional 303,965 shares during the period. Invesco Ltd. grew its holdings in shares of Mondelez International by 9.2% in the 3rd quarter. Invesco Ltd. now owns 7,721,800 shares of the company’s stock worth $535,893,000 after purchasing an additional 648,270 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Mondelez International by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,399,451 shares of the company’s stock worth $535,942,000 after purchasing an additional 127,904 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Mondelez International by 7.8% during the 4th quarter. California Public Employees Retirement System now owns 6,235,276 shares of the company’s stock valued at $451,621,000 after purchasing an additional 450,459 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in Mondelez International by 1.1% in the fourth quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock valued at $422,468,000 after buying an additional 62,595 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MDLZ. Citigroup reduced their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Stifel Nicolaus raised their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Sanford C. Bernstein increased their price target on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Trading Up 1.4 %

MDLZ traded up $0.96 during trading on Tuesday, reaching $70.89. 4,315,446 shares of the company’s stock were exchanged, compared to its average volume of 7,921,690. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $78.54. The stock has a market capitalization of $95.45 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55. The firm has a fifty day moving average price of $70.10 and a two-hundred day moving average price of $71.10.

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