PFG Advisors Makes New $240,000 Investment in Mondelez International, Inc. $MDLZ

PFG Advisors purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,553 shares of the company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rossby Financial LCC increased its stake 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 acquiring an additional 406 shares during the last quarter. Aspect Partners LLC boosted its holdings in shares of Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares in the last quarter. Financial Connections Group Inc. bought a new position in shares of Mondelez International during the 2nd quarter valued at about $33,000. Saudi Central Bank purchased a new position in shares of Mondelez International during the 1st quarter valued at about $36,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.2%

Shares of NASDAQ MDLZ opened at $57.01 on Thursday. The firm’s fifty day moving average is $61.02 and its 200 day moving average is $64.26. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The company has a market cap of $73.56 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 5.34 and a beta of 0.42.

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays cut their target price on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Evercore ISI reduced their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Finally, Sanford C. Bernstein lowered their price target on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.37.

Mondelez International Company 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.