Heritage Investors Management Corp Purchases 773 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Heritage Investors Management Corp increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 118,022 shares of the company’s stock after buying an additional 773 shares during the period. Heritage Investors Management Corp’s holdings in Mondelez International were worth $8,548,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp increased its stake in Mondelez International by 1.8% in the third quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock valued at $1,186,715,000 after purchasing an additional 303,965 shares in the last quarter. Invesco Ltd. increased its position in Mondelez International by 9.2% in the 3rd quarter. Invesco Ltd. now owns 7,721,800 shares of the company’s stock valued at $535,893,000 after buying an additional 648,270 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Mondelez International by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,399,451 shares of the company’s stock worth $535,942,000 after buying an additional 127,904 shares during the period. California Public Employees Retirement System boosted its holdings in Mondelez International by 7.8% in the fourth quarter. California Public Employees Retirement System now owns 6,235,276 shares of the company’s stock worth $451,621,000 after acquiring an additional 450,459 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its stake in Mondelez International by 1.1% in the fourth quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock valued at $422,468,000 after acquiring an additional 62,595 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded down $0.23 during mid-day trading on Thursday, reaching $70.20. 5,201,663 shares of the company’s stock were exchanged, compared to its average volume of 7,875,844. The firm has a market capitalization of $94.52 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55. The firm has a 50-day moving average price of $70.04 and a two-hundred day moving average price of $71.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts predict that Mondelez International, Inc. will post 3.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MDLZ. Citigroup lowered their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. JPMorgan Chase & Co. reduced their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Sanford C. Bernstein upped their target price on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Barclays cut their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Stifel Nicolaus raised their target price on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $80.75.

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.