Mesirow Financial Investment Management Inc. Buys 3,920 Shares of Mondelez International, Inc. $MDLZ

Mesirow Financial Investment Management Inc. lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 18.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,181 shares of the company’s stock after purchasing an additional 3,920 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Mondelez International were worth $1,698,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Abound Financial LLC bought a new stake in shares of Mondelez International in the 1st quarter worth approximately $25,000. Rossby Financial LCC boosted its position in shares of Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares in the last quarter. North Capital Inc. bought a new position in Mondelez International in the 1st quarter valued at approximately $31,000. Financial Connections Group Inc. bought a new position in Mondelez International in the 2nd quarter valued at approximately $33,000. Finally, Saudi Central Bank bought a new position in Mondelez International in the 1st quarter valued at approximately $36,000. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research report on Thursday, October 2nd. JPMorgan Chase & Co. lowered their price objective on Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday. Stifel Nicolaus lowered their price objective on Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Evercore ISI lowered their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $68.68.

Mondelez International Price Performance

NASDAQ MDLZ opened at $57.46 on Friday. The business’s fifty day moving average price is $61.83 and its 200-day moving average price is $64.85. The stock has a market capitalization of $74.35 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 5.34 and a beta of 0.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current 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.