ProShare Advisors LLC Acquires 103,134 Shares of Mondelez International, Inc. $MDLZ

ProShare Advisors LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,984,191 shares of the company’s stock after acquiring an additional 103,134 shares during the period. ProShare Advisors LLC’s holdings in Mondelez International were worth $133,814,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MDLZ. Rossby Financial LCC grew its position in shares of Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares in the last quarter. Aspect Partners LLC raised its position in shares of Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after buying an additional 305 shares in the last quarter. Financial Connections Group Inc. bought a new stake in shares of Mondelez International in the second quarter valued at approximately $33,000. Saudi Central Bank acquired a new stake in Mondelez International during the first quarter worth approximately $36,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in Mondelez International by 37.2% during the 2nd 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 during the period. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Morgan Stanley cut their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Barclays reduced their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. UBS Group dropped their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus reduced their price target on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.37.

Mondelez International Trading Down 1.6%

Shares of Mondelez International stock opened at $56.25 on Tuesday. The firm’s 50 day moving average is $61.20 and its 200 day moving average is $64.37. The firm has a market capitalization of $72.78 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. 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 issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal 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.