Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,645 shares of the company’s stock after purchasing an additional 470 shares during the period. Sovereign Financial Group Inc.’s holdings in Mondelez International were worth $409,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC acquired a new position in shares of Mondelez International during the 3rd quarter valued at about $28,000. First Command Advisory Services Inc. purchased a new position in Mondelez International during the third quarter worth approximately $29,000. HHM Wealth Advisors LLC purchased a new position in Mondelez International during the fourth quarter worth approximately $29,000. Orion Capital Management LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at $35,000. Finally, Milestone Investment Advisors LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at $56,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 1.4 %

NASDAQ MDLZ traded up $0.96 on Tuesday, hitting $70.89. 4,315,446 shares of the stock traded hands, compared to its average volume of 7,921,690. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $95.45 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.54. The stock has a 50-day moving average of $70.10 and a 200 day moving average of $71.10.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, analysts expect that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MDLZ. Citigroup reduced their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Stifel Nicolaus increased their price target on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Barclays reduced their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.75.

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.