Janney Montgomery Scott LLC Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Janney Montgomery Scott LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 491,435 shares of the company’s stock after buying an additional 26,046 shares during the period. Janney Montgomery Scott LLC’s holdings in Mondelez International were worth $35,594,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC increased its stake in Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. HHM Wealth Advisors LLC acquired a new position in shares of Mondelez International in the fourth quarter valued at about $29,000. First Command Advisory Services Inc. purchased a new position in shares of Mondelez International in the third quarter worth about $29,000. Orion Capital Management LLC acquired a new stake in shares of Mondelez International during the third quarter worth about $35,000. Finally, Milestone Investment Advisors LLC acquired a new position in Mondelez International in the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ traded down $0.60 during trading hours on Wednesday, reaching $71.33. 5,925,298 shares of the company’s stock were exchanged, compared to its average volume of 7,772,141. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $95.68 billion, a price-to-earnings ratio of 22.73, a P/E/G ratio of 2.54 and a beta of 0.55. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $78.01. The company has a 50-day moving average of $69.99 and a 200 day moving average of $71.31.

Mondelez International (NASDAQ:MDLZGet Free Report) last posted its quarterly earnings data 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. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. During the same period last year, the firm earned $0.89 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Research analysts anticipate that Mondelez International, Inc. will post 3.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays lowered their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Sanford C. Bernstein raised their target price on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.75.

Read Our Latest Analysis on Mondelez International

About Mondelez International

(Free Report)

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.

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

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