Mondelez International, Inc. $MDLZ Holdings Raised by Rossby Financial LCC

Rossby Financial LCC boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 966.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 448 shares of the company’s stock after buying an additional 406 shares during the quarter. Rossby Financial LCC’s holdings in Mondelez International were worth $30,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Price T Rowe Associates Inc. MD lifted its position in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after buying an additional 13,755,181 shares in the last quarter. Nuveen LLC acquired a new position in shares of Mondelez International during the 1st quarter worth $866,843,000. Goldman Sachs Group Inc. increased its stake in shares of Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after purchasing an additional 3,454,174 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Mondelez International by 148.6% during the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after purchasing an additional 1,775,570 shares during the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Mondelez International by 659.9% during the 1st quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company’s stock worth $101,988,000 after purchasing an additional 1,305,332 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MDLZ. Sanford C. Bernstein dropped their price target on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday. Barclays raised their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Morgan Stanley lowered their target price on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. 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. Thirteen equities 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.21.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $57.85 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The firm has a market capitalization of $74.85 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 5.39 and a beta of 0.45. The company’s fifty day moving average is $62.06 and its two-hundred day moving average is $64.98. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly 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 for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.14%. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

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.