Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Eagle Asset Management Inc.

Eagle Asset Management Inc. raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 17.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,529,755 shares of the company’s stock after buying an additional 230,858 shares during the quarter. Eagle Asset Management Inc.’s holdings in Mondelez International were worth $112,697,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BDF Gestion acquired a new stake in shares of Mondelez International during the 2nd quarter worth approximately $6,690,000. Buckingham Capital Management Inc. increased its stake in Mondelez International by 1,554.4% in the 3rd quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock valued at $5,483,000 after purchasing an additional 69,934 shares in the last quarter. RIA Advisory Group LLC acquired a new position in Mondelez International during the third quarter worth $905,000. Sumitomo Mitsui Trust Group Inc. boosted its position in Mondelez International by 1.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,445,724 shares of the company’s stock worth $253,846,000 after purchasing an additional 50,094 shares in the last quarter. Finally, Strategic Wealth Investment Group LLC grew its holdings in Mondelez International by 40.4% in the third quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock valued at $10,187,000 after purchasing an additional 40,154 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.6 %

Shares of NASDAQ:MDLZ opened at $64.79 on Friday. The company has a fifty day simple moving average of $70.26 and a 200 day simple moving average of $69.38. The firm has a market cap of $86.64 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 2.88 and a beta of 0.55. Mondelez International, Inc. has a 12-month low of $63.40 and a 12-month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

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

Analysts Set New Price Targets

Several analysts have recently commented on MDLZ shares. JPMorgan Chase & Co. increased their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group began coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. Wells Fargo & Company decreased their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. DA Davidson reduced their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, Redburn Atlantic began coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $80.31.

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.