Edmond DE Rothschild Holding S.A. Raises Stock Holdings in Mondelez International, Inc. $MDLZ

Edmond DE Rothschild Holding S.A. grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.0% during the second quarter, Holdings Channel reports. The institutional investor owned 45,607 shares of the company’s stock after buying an additional 5,230 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Mondelez International were worth $3,076,000 as of its most recent filing with the Securities & Exchange Commission.

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

Mondelez International Trading Up 0.6%

MDLZ opened at $56.53 on Wednesday. The stock has a 50-day moving average of $60.00 and a 200 day moving average of $63.55. 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, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15. The firm has a market cap of $72.94 billion, a P/E ratio of 21.17, a P/E/G ratio of 5.34 and a beta of 0.42.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. DA Davidson decreased their target price on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. JPMorgan Chase & Co. dropped their price target 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. DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Finally, Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research report on Thursday, October 2nd. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $68.32.

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.