Bronte Capital Management Pty Ltd. Purchases 7,334 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Bronte Capital Management Pty Ltd. boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,929 shares of the company’s stock after purchasing an additional 7,334 shares during the period. Mondelez International makes up approximately 0.5% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 23rd biggest holding. Bronte Capital Management Pty Ltd.’s holdings in Mondelez International were worth $4,848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale raised its stake in Mondelez International by 5.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock valued at $179,520,000 after buying an additional 120,665 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in Mondelez International during the 4th quarter valued at about $1,650,000. Signature Estate & Investment Advisors LLC raised its stake in shares of Mondelez International by 4.7% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock worth $2,789,000 after purchasing an additional 1,713 shares during the last quarter. Bahl & Gaynor Inc. increased its holdings in Mondelez International by 1.1% in the 4th quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock worth $422,468,000 after buying an additional 62,595 shares during the period. Finally, HS Management Partners LLC raised its position in Mondelez International by 8.3% during the 4th quarter. HS Management Partners LLC now owns 1,671,075 shares of the company’s stock worth $121,036,000 after buying an additional 128,490 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MDLZ. Stifel Nicolaus raised their target price on 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. lowered their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Barclays decreased their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note 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. Finally, Sanford C. Bernstein lifted their price target on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Stock Down 0.3 %

Shares of NASDAQ:MDLZ traded down $0.23 during trading on Thursday, reaching $70.20. 5,201,663 shares of the company traded hands, compared to its average volume of 7,875,844. The firm has a market cap of $94.52 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55. 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 fifty day simple moving average of $70.04 and a 200 day simple moving average of $71.10. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $78.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. Mondelez International’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. Analysts anticipate that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International 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.