Channing Capital Management LLC Invests $7.99 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

Channing Capital Management LLC bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 110,299 shares of the company’s stock, valued at approximately $7,989,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Raymond James Financial Services Advisors Inc. increased its stake in shares of Mondelez International by 2.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 320,779 shares of the company’s stock worth $22,262,000 after buying an additional 8,942 shares during the period. J.W. Cole Advisors Inc. boosted its stake in shares of Mondelez International by 5.7% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 8,694 shares of the company’s stock worth $603,000 after acquiring an additional 468 shares in the last quarter. Brown Advisory Inc. boosted its position in Mondelez International by 1.1% during the third quarter. Brown Advisory Inc. now owns 199,365 shares of the company’s stock worth $13,836,000 after purchasing an additional 2,076 shares in the last quarter. Sage Mountain Advisors LLC boosted its position in shares of Mondelez International by 6.2% in the 3rd quarter. Sage Mountain Advisors LLC now owns 3,335 shares of the company’s stock worth $231,000 after buying an additional 194 shares in the last quarter. Finally, Lindbrook Capital LLC grew its position in shares of Mondelez International by 19.9% in the third quarter. Lindbrook Capital LLC now owns 8,011 shares of the company’s stock valued at $556,000 after purchasing an additional 1,328 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of Mondelez International stock traded down $0.61 on Friday, hitting $69.89. The company had a trading volume of 8,093,601 shares, compared to its average volume of 9,882,163. The business has a 50-day simple moving average of $70.21 and a 200-day simple moving average of $71.01. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.43. The company has a market cap of $94.11 billion, a PE ratio of 22.19, a PEG ratio of 2.42 and a beta of 0.55. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 earnings per share. Research analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MDLZ. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Sanford C. Bernstein raised their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $80.75.

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.