Enterprise Financial Services Corp Invests $208,000 in Mondelez International, Inc. $MDLZ

Enterprise Financial Services Corp acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,086 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Price T Rowe Associates Inc. MD lifted its stake in Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares during the last quarter. Nuveen LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at about $866,843,000. Goldman Sachs Group Inc. lifted its position in Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after buying an additional 3,454,174 shares during the last quarter. Natixis Advisors LLC boosted its stake in Mondelez International by 148.6% in the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after buying an additional 1,775,570 shares in the last quarter. Finally, National Pension Service grew its position in Mondelez International by 32.1% during the second quarter. National Pension Service now owns 4,106,551 shares of the company’s stock valued at $276,946,000 after acquiring an additional 998,953 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 2.2%

Shares of NASDAQ:MDLZ opened at $57.00 on Friday. The stock’s 50-day moving average is $60.23 and its 200 day moving average is $63.73. The company has a market cap of $73.55 billion, a PE ratio of 21.35, a P/E/G ratio of 5.34 and a beta of 0.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm 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%. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MDLZ shares. Zacks Research lowered shares of Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Mizuho lowered their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, October 28th. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Evercore ISI decreased their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Finally, Sanford C. Bernstein lowered their target price on 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 equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.32.

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.