Partnership Wealth Management LLC Invests $108,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Partnership Wealth Management LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,438 shares of the company’s stock, valued at approximately $108,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bogart Wealth LLC grew its stake in Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. HHM Wealth Advisors LLC bought a new position in Mondelez International in the fourth quarter worth approximately $29,000. First Command Advisory Services Inc. purchased a new stake in Mondelez International during the third quarter worth $29,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at $35,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Mondelez International in the 3rd quarter worth $56,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. decreased their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Citigroup dropped 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. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Stock Performance

NASDAQ:MDLZ traded up $0.56 during mid-day trading on Monday, hitting $71.76. The company’s stock had a trading volume of 5,541,492 shares, compared to its average volume of 7,823,158. The business’s fifty day moving average is $69.96 and its two-hundred day moving average is $71.22. The stock has a market cap of $96.26 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 2.52 and a beta of 0.55. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $78.26. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last posted 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. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same period last year, the company earned $0.89 earnings per share. Mondelez International’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts anticipate that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Company 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.