MeadowBrook Investment Advisors LLC Makes New $116,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

MeadowBrook Investment Advisors LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,600 shares of the company’s stock, valued at approximately $116,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Northern Trust Corp lifted its stake in shares of Mondelez International by 1.8% in the 3rd quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock valued at $1,186,715,000 after purchasing an additional 303,965 shares during the last quarter. Invesco Ltd. increased its holdings in Mondelez International by 9.2% during the 3rd quarter. Invesco Ltd. now owns 7,721,800 shares of the company’s stock worth $535,893,000 after purchasing an additional 648,270 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Mondelez International by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,271,547 shares of the company’s stock worth $504,645,000 after purchasing an additional 69,381 shares during the period. California Public Employees Retirement System increased its holdings in Mondelez International by 7.8% during the 4th quarter. California Public Employees Retirement System now owns 6,235,276 shares of the company’s stock worth $451,621,000 after purchasing an additional 450,459 shares during the period. Finally, Bahl & Gaynor Inc. increased its holdings in Mondelez International by 1.1% during the 4th quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock worth $422,468,000 after purchasing an additional 62,595 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MDLZ shares. Barclays decreased their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. JPMorgan Chase & Co. cut their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Stifel Nicolaus lifted their price target on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Deutsche Bank Aktiengesellschaft lifted their price target on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Price Performance

MDLZ traded up $0.04 during trading on Monday, reaching $69.93. 5,653,369 shares of the stock were exchanged, compared to its average volume of 7,963,141. The business’s 50 day moving average price is $70.14 and its two-hundred day moving average price is $71.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The company has a market capitalization of $94.16 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 2.47 and a beta of 0.55. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $78.54.

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