Zions Bancorporation N.A. Acquires 5,969 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Zions Bancorporation N.A. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 39.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 20,914 shares of the company’s stock after acquiring an additional 5,969 shares during the quarter. Zions Bancorporation N.A.’s holdings in Mondelez International were worth $1,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. E Fund Management Hong Kong Co. Ltd. bought a new stake in Mondelez International during the 2nd quarter valued at $26,000. Lynx Investment Advisory purchased a new stake in Mondelez International during the second quarter valued at about $27,000. Richardson Financial Services Inc. lifted its holdings in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Mondelez International during the second quarter valued at about $29,000. Finally, ESL Trust Services LLC bought a new stake in shares of Mondelez International during the first quarter valued at about $38,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MDLZ shares. JPMorgan Chase & Co. upped their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. The Goldman Sachs Group started coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Barclays cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Finally, Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Stock Down 0.7 %

Mondelez International stock opened at $65.56 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a 12 month low of $64.18 and a 12 month high of $77.20. The stock has a market capitalization of $87.67 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55. The business has a 50 day simple moving average of $71.52 and a 200-day simple moving average of $69.64.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. On average, analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

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.