Burney Co. Buys 124,901 Shares of Mondelez International, Inc. $MDLZ

Burney Co. lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1,634.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,545 shares of the company’s stock after acquiring an additional 124,901 shares during the period. Burney Co.’s holdings in Mondelez International were worth $8,939,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Abound Financial LLC purchased a new position in Mondelez International in the first quarter valued at about $25,000. Rossby Financial LCC boosted its holdings in shares of Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after buying an additional 406 shares in the last quarter. Financial Connections Group Inc. purchased a new position in shares of Mondelez International in the 2nd quarter worth approximately $33,000. Saudi Central Bank purchased a new position in shares of Mondelez International in the 1st quarter worth approximately $36,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after acquiring an additional 163 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of MDLZ opened at $57.46 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. The company’s fifty day moving average price is $61.83 and its 200-day moving average price is $64.83. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.15. The firm has a market capitalization of $74.35 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 5.34 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Bank of America decreased their price objective on Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Thursday, October 2nd. Royal Bank Of Canada reduced their target price on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Finally, Evercore ISI decreased their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.68.

About Mondelez International

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.