Grantham Mayo Van Otterloo & Co. LLC Grows Stake in Mondelez International, Inc. $MDLZ

Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 693,739 shares of the company’s stock after purchasing an additional 31,358 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.05% of Mondelez International worth $46,786,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MDLZ. Hemington Wealth Management increased its position in Mondelez International by 11.4% during the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after buying an additional 156 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Mondelez International by 37.2% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after acquiring an additional 163 shares in the last quarter. Enterprise Bank & Trust Co grew its stake in shares of Mondelez International by 0.7% during the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after acquiring an additional 170 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its holdings in shares of Mondelez International by 4.9% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock valued at $250,000 after acquiring an additional 175 shares in the last quarter. Finally, RMR Wealth Builders raised its position in shares of Mondelez International by 3.6% in the 2nd quarter. RMR Wealth Builders now owns 5,079 shares of the company’s stock valued at $343,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the topic of several research analyst reports. Morgan Stanley dropped their target price on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Barclays dropped their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Royal Bank Of Canada dropped their price target on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.32.

Mondelez International Trading Up 1.2%

Mondelez International stock opened at $57.21 on Friday. The firm has a market cap of $73.82 billion, a PE ratio of 21.43, a P/E/G ratio of 5.34 and a beta of 0.42. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15. The stock’s 50 day simple moving average is $59.77 and its two-hundred day simple moving average is $63.47. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65.

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

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.