Heritage Investors Management Corp Has $8.55 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Heritage Investors Management Corp raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,022 shares of the company’s stock after acquiring an additional 773 shares during the period. Heritage Investors Management Corp’s holdings in Mondelez International were worth $8,548,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bogart Wealth LLC increased its holdings in Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the period. Carmel Capital Partners LLC bought a new stake in Mondelez International in the third quarter valued at about $28,000. First Command Advisory Services Inc. acquired a new position in Mondelez International in the third quarter worth about $29,000. HHM Wealth Advisors LLC acquired a new position in Mondelez International in the fourth quarter worth about $29,000. Finally, Orion Capital Management LLC bought a new position in Mondelez International during the third quarter worth about $35,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on MDLZ. Citigroup decreased their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Stifel Nicolaus lifted their target price on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. reduced their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised 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. Finally, StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Stock Down 0.3 %

Shares of NASDAQ MDLZ traded down $0.23 during mid-day trading on Thursday, reaching $70.20. 5,201,663 shares of the company’s stock were exchanged, compared to its average volume of 7,875,844. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.54. 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 firm has a market capitalization of $94.52 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.47 and a beta of 0.55. The business has a fifty day simple moving average of $70.04 and a 200 day simple moving average of $71.10.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

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.