QRG Capital Management Inc. Has $6.09 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

QRG Capital Management Inc. cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,009 shares of the company’s stock after selling 1,830 shares during the period. QRG Capital Management Inc.’s holdings in Mondelez International were worth $6,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Murphy Middleton Hinkle & Parker Inc. grew its stake in Mondelez International by 3.9% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after purchasing an additional 136 shares during the period. Cobblestone Asset Management LLC boosted its holdings in shares of Mondelez International by 2.8% in the 4th quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock worth $361,000 after buying an additional 138 shares during the last quarter. Graypoint LLC grew its position in Mondelez International by 1.1% during the fourth quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after buying an additional 138 shares during the period. Guyasuta Investment Advisors Inc. increased its holdings in Mondelez International by 0.8% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after buying an additional 138 shares during the last quarter. Finally, Rossmore Private Capital raised its position in Mondelez International by 0.3% in the fourth quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock worth $3,625,000 after acquiring an additional 139 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded up $0.40 during midday trading on Monday, hitting $71.60. 2,047,926 shares of the company’s stock were exchanged, compared to its average volume of 7,784,165. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average price is $69.96 and its two-hundred day moving average price is $71.18. The company has a market cap of $96.04 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.52 and a beta of 0.55. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.26.

Mondelez International (NASDAQ:MDLZGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, research analysts forecast that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Stifel Nicolaus boosted their target price on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. dropped their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup decreased their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, Barclays dropped their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.75.

Get Our Latest Research Report on MDLZ

About Mondelez International

(Free Report)

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.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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