50,756 Shares in Mondelez International, Inc. $MDLZ Purchased by SVB Wealth LLC

SVB Wealth LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 50,756 shares of the company’s stock, valued at approximately $3,423,000.

Other large investors have also recently added to or reduced their stakes in the company. Natixis boosted its stake in shares of Mondelez International by 47.9% during the 2nd quarter. Natixis now owns 276,154 shares of the company’s stock worth $18,624,000 after acquiring an additional 89,413 shares during the period. Ossiam raised its holdings in Mondelez International by 9.8% in the 2nd quarter. Ossiam now owns 48,311 shares of the company’s stock valued at $3,258,000 after acquiring an additional 4,305 shares during the period. Bank of Nova Scotia lifted its position in Mondelez International by 17.2% during the second quarter. Bank of Nova Scotia now owns 166,353 shares of the company’s stock worth $11,219,000 after acquiring an additional 24,405 shares during the last quarter. Baker Avenue Asset Management LP boosted its holdings in shares of Mondelez International by 11.7% during the second quarter. Baker Avenue Asset Management LP now owns 7,238 shares of the company’s stock worth $488,000 after acquiring an additional 757 shares during the period. Finally, Bollard Group LLC boosted its holdings in shares of Mondelez International by 1.3% during the second quarter. Bollard Group LLC now owns 31,238 shares of the company’s stock worth $2,107,000 after acquiring an additional 406 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $54.76 on Tuesday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $71.15. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The stock’s 50-day simple moving average is $58.71 and its 200 day simple moving average is $62.98. The firm has a market capitalization of $70.66 billion, a PE ratio of 20.51 and a beta of 0.39.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Stifel Nicolaus dropped their target price on Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. DZ Bank raised shares of Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Sanford C. Bernstein dropped their price objective on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Finally, Mizuho decreased their target price on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 28th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $68.32.

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.