110,299 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Bought by Channing Capital Management LLC

Channing Capital Management LLC bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 110,299 shares of the company’s stock, valued at approximately $7,989,000.

A number of other institutional investors have also recently bought and sold shares of MDLZ. HHM Wealth Advisors LLC acquired a new stake in Mondelez International during the 4th quarter worth $29,000. Carmel Capital Partners LLC acquired a new position in Mondelez International in the 3rd quarter valued at $28,000. First Command Advisory Services Inc. acquired a new stake in Mondelez International in the 3rd quarter worth about $29,000. Orion Capital Management LLC acquired a new stake in shares of Mondelez International in the third quarter valued at approximately $35,000. Finally, Milestone Investment Advisors LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at $56,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.9 %

NASDAQ MDLZ traded down $0.61 during trading on Friday, reaching $69.89. 8,093,601 shares of the company’s stock traded hands, compared to its average volume of 9,882,163. The firm has a market cap of $94.11 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.42 and a beta of 0.55. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.43. The company’s 50 day simple moving average is $70.21 and its two-hundred day simple moving average is $71.01.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MDLZ shares. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays reduced their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Citigroup lowered their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Sanford C. Bernstein lifted their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus lifted their target price on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.75.

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.