Commonwealth Retirement Investments LLC Purchases Shares of 19,117 Mondelez International, Inc. $MDLZ

Commonwealth Retirement Investments LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,117 shares of the company’s stock, valued at approximately $1,289,000.

A number of other hedge funds have also recently made changes to their positions in the business. Crestwood Advisors Group LLC boosted its stake in shares of Mondelez International by 1.4% in the second quarter. Crestwood Advisors Group LLC now owns 74,603 shares of the company’s stock worth $5,031,000 after acquiring an additional 1,015 shares during the period. Cassaday & Co Wealth Management LLC lifted its position in shares of Mondelez International by 8.3% in the second quarter. Cassaday & Co Wealth Management LLC now owns 7,507 shares of the company’s stock worth $506,000 after buying an additional 578 shares in the last quarter. NewSquare Capital LLC lifted its position in shares of Mondelez International by 89.6% in the second quarter. NewSquare Capital LLC now owns 929 shares of the company’s stock worth $63,000 after buying an additional 439 shares in the last quarter. Elyxium Wealth LLC lifted its position in shares of Mondelez International by 9.2% in the second quarter. Elyxium Wealth LLC now owns 4,281 shares of the company’s stock worth $289,000 after buying an additional 361 shares in the last quarter. Finally, Huntington National Bank lifted its position in shares of Mondelez International by 9.3% in the second quarter. Huntington National Bank now owns 248,373 shares of the company’s stock worth $16,750,000 after buying an additional 21,113 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 1.0%

Shares of NASDAQ MDLZ opened at $56.08 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $72.56 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 5.34 and a beta of 0.45. The stock’s fifty day simple moving average is $61.61 and its two-hundred day simple moving average is $64.67. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm had revenue of $7.30 billion during the quarter. As a group, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research analyst reports. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Evercore ISI decreased their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Finally, Sanford C. Bernstein cut their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.68.

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.