N.E.W. Advisory Services LLC Buys Shares of 2,796 Mondelez International, Inc. (NASDAQ:MDLZ)

N.E.W. Advisory Services LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, Holdings Channel.com reports. The firm purchased 2,796 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors have also made changes to their positions in the company. Carmel Capital Partners LLC acquired a new position in Mondelez International during the third quarter worth $28,000. First Command Advisory Services Inc. bought a new stake in shares of Mondelez International during the 3rd quarter worth about $29,000. HHM Wealth Advisors LLC acquired a new position in shares of Mondelez International during the 4th quarter valued at about $29,000. Orion Capital Management LLC bought a new position in shares of Mondelez International in the 3rd quarter valued at approximately $35,000. Finally, Milestone Investment Advisors LLC acquired a new stake in Mondelez International in the 3rd quarter worth approximately $56,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

MDLZ stock traded up $0.96 during midday trading on Tuesday, hitting $70.89. The stock had a trading volume of 4,315,446 shares, compared to its average volume of 7,921,690. The firm has a market capitalization of $95.45 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 2.47 and a beta of 0.55. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a 50-day simple moving average of $70.10 and a 200 day simple moving average of $71.10. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share 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 business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same period in the previous year, the business earned $0.89 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on MDLZ. Deutsche Bank Aktiengesellschaft increased their price target on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Sanford C. Bernstein lifted their target price on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Barclays decreased their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. dropped their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $80.75.

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.