Wealthfront Advisers LLC Acquires 49,384 Shares of Mondelez International, Inc. $MDLZ

Wealthfront Advisers LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 64.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 126,504 shares of the company’s stock after purchasing an additional 49,384 shares during the quarter. Wealthfront Advisers LLC’s holdings in Mondelez International were worth $8,531,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Abound Financial LLC bought a new stake in shares of Mondelez International during the first quarter worth $25,000. North Capital Inc. bought a new stake in shares of Mondelez International during the first quarter worth $31,000. Financial Connections Group Inc. bought a new stake in shares of Mondelez International during the second quarter worth $33,000. Saudi Central Bank bought a new stake in shares of Mondelez International during the first quarter worth $36,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in shares of Mondelez International by 37.2% during 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 during the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MDLZ. Morgan Stanley dropped their target price on 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 lifted their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. decreased their price objective on Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a research note on Friday, October 17th. Evercore ISI decreased their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.22.

Mondelez International Stock Up 1.5%

NASDAQ:MDLZ opened at $61.66 on Tuesday. 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 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The stock has a market cap of $79.78 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 5.44 and a beta of 0.45. The stock has a 50-day moving average price of $62.21 and a two-hundred day moving average price of $65.08.

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 return on equity of 15.35% and a net margin of 9.84%. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share 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.