Texas Yale Capital Corp. lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 14.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,938 shares of the company’s stock after acquiring an additional 1,875 shares during the period. Texas Yale Capital Corp.’s holdings in Mondelez International were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Hemington Wealth Management lifted its position in Mondelez International by 11.4% in the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock worth $103,000 after purchasing an additional 156 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its position 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 valued at $41,000 after purchasing an additional 163 shares during the period. Enterprise Bank & Trust Co raised its stake in shares of Mondelez International by 0.7% in the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after buying an additional 170 shares in the last quarter. Sage Private Wealth Group LLC lifted its holdings in shares of Mondelez International by 3.7% in the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock valued at $334,000 after buying an additional 175 shares during the period. Finally, Relyea Zuckerberg Hanson LLC boosted its stake in Mondelez International by 4.9% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock valued at $250,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.
Analyst Ratings Changes
MDLZ has been the topic of several research reports. Morgan Stanley dropped their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Stifel Nicolaus lowered their price objective on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Finally, Evercore ISI decreased their price target on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research report 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $68.68.
Mondelez International Stock Performance
Mondelez International stock opened at $57.18 on Friday. The firm’s 50 day simple moving average is $61.31 and its 200-day simple moving average is $64.48. The company has a market cap of $73.99 billion, a P/E ratio of 21.42, a price-to-earnings-growth 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, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The business had revenue of $7.30 billion during the quarter. As a group, equities research analysts predict 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.
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