Manchester Capital Management LLC Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Manchester Capital Management LLC raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,178 shares of the company’s stock after purchasing an additional 345 shares during the quarter. Manchester Capital Management LLC’s holdings in Mondelez International were worth $520,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MDLZ. Sheaff Brock Investment Advisors LLC boosted its stake in Mondelez International by 6.2% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 30,923 shares of the company’s stock worth $2,240,000 after buying an additional 1,808 shares during the period. Kentucky Retirement Systems Insurance Trust Fund raised its position in Mondelez International by 2.5% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 48,466 shares of the company’s stock worth $3,510,000 after purchasing an additional 1,178 shares during the period. Kentucky Retirement Systems lifted its stake in Mondelez International by 2.8% in the fourth quarter. Kentucky Retirement Systems now owns 108,848 shares of the company’s stock worth $7,884,000 after purchasing an additional 2,933 shares during the last quarter. Independent Advisor Alliance boosted its position in shares of Mondelez International by 0.7% during the fourth quarter. Independent Advisor Alliance now owns 72,007 shares of the company’s stock valued at $5,215,000 after buying an additional 495 shares during the period. Finally, Missouri Trust & Investment Co grew its stake in shares of Mondelez International by 6.7% during the fourth quarter. Missouri Trust & Investment Co now owns 4,712 shares of the company’s stock valued at $341,000 after buying an additional 297 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their price objective on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Sanford C. Bernstein upped their price target on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Citigroup decreased their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $80.75.

Mondelez International Stock Down 1.0 %

NASDAQ:MDLZ traded down $0.69 during mid-day trading on Friday, reaching $71.23. The company’s stock had a trading volume of 5,827,797 shares, compared to its average volume of 8,346,397. The firm has a market capitalization of $95.55 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55. The stock has a fifty day moving average of $69.99 and a 200-day moving average of $71.39. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.57. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 earnings per share. Equities research analysts forecast that Mondelez International, Inc. will post 3.5 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.