Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 22.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,239 shares of the company’s stock after buying an additional 774 shares during the period. TCI Wealth Advisors Inc.’s holdings in Mondelez International were worth $307,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of Mondelez International by 48.8% in the third quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock valued at $343,411,000 after purchasing an additional 1,623,588 shares during the period. Canada Pension Plan Investment Board raised its position in Mondelez International by 44.5% during the third quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock worth $261,370,000 after acquiring an additional 1,159,900 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Mondelez International during the 3rd quarter worth approximately $71,311,000. Envestnet Asset Management Inc. raised its position in shares of Mondelez International by 38.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock worth $226,531,000 after purchasing an additional 900,445 shares during the last quarter. Finally, Burgundy Asset Management Ltd. increased its position in Mondelez International by 52.7% during the third quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock worth $168,660,000 after buying an additional 838,651 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on MDLZ. StockNews.com cut 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 objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Barclays reduced their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised their target price 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, Stifel Nicolaus increased their price objective on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.75.

Mondelez International Trading Down 0.4 %

Mondelez International stock traded down $0.29 during trading hours on Monday, hitting $69.60. The stock had a trading volume of 3,777,488 shares, compared to its average volume of 7,936,065. The business’s 50 day simple moving average is $70.21 and its 200-day simple moving average is $71.01. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $78.54. The stock has a market cap of $93.71 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 2.47 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same period last year, the business posted $0.89 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts predict that Mondelez International, Inc. will post 3.5 EPS for the current fiscal 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.