Invesco Ltd. Buys 1,345,078 Shares of Mondelez International, Inc. $MDLZ

Invesco Ltd. increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,892,264 shares of the company’s stock after purchasing an additional 1,345,078 shares during the period. Invesco Ltd. owned approximately 1.07% of Mondelez International worth $936,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Soundwatch Capital LLC acquired a new stake in Mondelez International in the 2nd quarter valued at $27,000. Rossby Financial LCC boosted its stake in shares of Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after buying an additional 406 shares during the last quarter. Aspect Partners LLC grew its holdings in shares of Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after acquiring an additional 305 shares in the last quarter. Financial Connections Group Inc. acquired a new stake in shares of Mondelez International in the second quarter valued at about $33,000. Finally, Saudi Central Bank bought a new stake in Mondelez International during the first quarter worth about $36,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on MDLZ shares. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. UBS Group decreased their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price target on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Royal Bank Of Canada cut their price target on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Finally, Zacks Research lowered shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.32.

Mondelez International Trading Up 0.1%

MDLZ stock opened at $56.03 on Thursday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.15. The stock has a market cap of $72.30 billion, a price-to-earnings ratio of 20.99 and a beta of 0.39. The company has a fifty day moving average price of $59.17 and a two-hundred day moving average price of $63.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37.

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