Griffin Asset Management Inc. bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 24,043 shares of the company’s stock, valued at approximately $1,038,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. RNC Capital Management LLC boosted its holdings in shares of Mondelez International by 8.3% in the 2nd quarter. RNC Capital Management LLC now owns 6,757 shares of the company’s stock valued at $292,000 after buying an additional 516 shares in the last quarter. Sentry Investment Management LLC boosted its holdings in shares of Mondelez International by 0.6% in the 2nd quarter. Sentry Investment Management LLC now owns 123,050 shares of the company’s stock valued at $5,315,000 after buying an additional 789 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Mondelez International by 23.0% in the 2nd quarter. Toronto Dominion Bank now owns 545,943 shares of the company’s stock valued at $23,577,000 after buying an additional 101,952 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Mondelez International by 27.8% in the 2nd quarter. Cetera Investment Advisers now owns 14,748 shares of the company’s stock valued at $639,000 after buying an additional 3,206 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in shares of Mondelez International by 7.4% in the 2nd quarter. Advisory Services Network LLC now owns 16,006 shares of the company’s stock valued at $691,000 after buying an additional 1,096 shares in the last quarter. 76.05% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Lewis W. K. Booth bought 1,500 shares of Mondelez International stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $41.29 per share, for a total transaction of $61,935.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the sale, the executive vice president now owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

Several research analysts have recently issued reports on the stock. Susquehanna Bancshares Inc restated a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. UBS AG restated a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a report on Wednesday, August 9th. Royal Bank Of Canada restated a “buy” rating and issued a $53.00 target price on shares of Mondelez International in a report on Tuesday, October 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $55.00 target price on shares of Mondelez International in a report on Wednesday, September 20th. Finally, BMO Capital Markets restated a “buy” rating and issued a $48.00 target price on shares of Mondelez International in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $49.40.

Shares of Mondelez International, Inc. (NASDAQ MDLZ) opened at $42.15 on Monday. The firm has a market cap of $62,988.45, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51. Mondelez International, Inc. has a 52 week low of $39.19 and a 52 week high of $47.23.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter last year, the business earned $0.52 EPS. The business’s revenue was up 2.1% on a year-over-year basis. analysts forecast that Mondelez International, Inc. will post 2.14 earnings per share for the current year.

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Mondelez International Company Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

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

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