Eagle Asset Management Inc. Acquires 230,858 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Eagle Asset Management Inc. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 17.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,529,755 shares of the company’s stock after acquiring an additional 230,858 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.11% of Mondelez International worth $112,697,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MDLZ. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International in the second quarter valued at about $26,000. Lynx Investment Advisory purchased a new position in Mondelez International during the second quarter valued at $27,000. Prospera Private Wealth LLC bought a new stake in Mondelez International in the 3rd quarter valued at $27,000. Richardson Financial Services Inc. boosted its holdings in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Mondelez International during the second quarter valued at about $29,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price 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. Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group initiated coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Stock Up 0.6 %

NASDAQ:MDLZ opened at $64.79 on Friday. 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, Inc. has a twelve month low of $63.40 and a twelve month high of $77.20. The company has a market cap of $86.64 billion, a PE ratio of 22.98, a P/E/G ratio of 2.88 and a beta of 0.55. The company’s 50 day moving average is $70.26 and its two-hundred day moving average is $69.38.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. Analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current 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.