Virtus Investment Advisers LLC Purchases New Stake in Mondelez International, Inc. $MDLZ

Virtus Investment Advisers LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,128 shares of the company’s stock, valued at approximately $1,425,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MDLZ. Soundwatch Capital LLC acquired a new stake in shares of Mondelez International in the second quarter valued at about $27,000. Rossby Financial LCC increased its holdings in Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after buying an additional 406 shares in the last quarter. Aspect Partners LLC lifted its position in shares of Mondelez International by 180.5% during 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 during the period. Financial Connections Group Inc. purchased a new stake in shares of Mondelez International during the 2nd quarter worth approximately $33,000. Finally, Saudi Central Bank acquired a new stake in shares of Mondelez International in the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MDLZ. Mizuho reduced their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. Wells Fargo & Company cut their price target on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Royal Bank Of Canada decreased their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Zacks Research downgraded shares of Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Finally, Barclays reduced their price target on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $68.32.

Mondelez International Stock Performance

Shares of MDLZ opened at $57.21 on Friday. The company has a market capitalization of $73.82 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 5.34 and a beta of 0.42. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. The company’s 50 day simple moving average is $59.77 and its 200 day simple moving average is $63.47.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm had revenue of $7.30 billion for the quarter. On average, sell-side analysts predict 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.