Evelyn Partners Investment Management Europe Ltd Purchases 885 Shares of Mondelez International, Inc. $MDLZ

Evelyn Partners Investment Management Europe Ltd boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 15.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,535 shares of the company’s stock after purchasing an additional 885 shares during the period. Evelyn Partners Investment Management Europe Ltd’s holdings in Mondelez International were worth $406,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MDLZ. Price T Rowe Associates Inc. MD increased its stake in shares of Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after buying an additional 13,755,181 shares during the period. Geode Capital Management LLC boosted its position in Mondelez International by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock worth $1,943,170,000 after buying an additional 242,695 shares during the period. Nuveen LLC bought a new stake in Mondelez International during the 1st quarter worth approximately $866,843,000. Invesco Ltd. increased its position in Mondelez International by 1.1% in the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock valued at $851,327,000 after acquiring an additional 137,604 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group cut their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Royal Bank Of Canada reduced their price target 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. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Finally, Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research note on Thursday, October 2nd. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $68.32.

Mondelez International Stock Up 2.2%

Shares of Mondelez International stock opened at $57.00 on Friday. The stock’s 50-day moving average is $60.23 and its 200 day moving average is $63.75. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.15. The firm has a market cap of $73.55 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 5.34 and a beta of 0.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The business 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%. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current 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.