Mesirow Financial Investment Management Inc. Grows Stock Position in Mondelez International, Inc. $MDLZ

Mesirow Financial Investment Management Inc. lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 18.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,181 shares of the company’s stock after buying an additional 3,920 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Mondelez International were worth $1,698,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Abound Financial LLC purchased a new position in Mondelez International during the 1st quarter valued at about $25,000. Rossby Financial LCC increased its holdings in Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares during the period. North Capital Inc. purchased a new position in Mondelez International during the 1st quarter valued at about $31,000. Financial Connections Group Inc. purchased a new position in Mondelez International during the 2nd quarter valued at about $33,000. Finally, Saudi Central Bank purchased a new position in Mondelez International during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Mondelez International stock opened at $57.46 on Friday. The stock’s 50 day simple moving average is $61.83 and its two-hundred day simple moving average is $64.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61. The stock has a market cap of $74.35 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 5.34 and a beta of 0.45. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The business had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. As a group, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and boosted their price target for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Royal Bank Of Canada reduced their price target on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Wednesday. Piper Sandler reduced their price target on Mondelez International from $67.00 to $63.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Wall Street Zen downgraded Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average price target of $68.68.

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.