Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,108 shares of the company’s stock after purchasing an additional 916 shares during the period. MML Investors Services LLC’s holdings in Mondelez International were worth $5,091,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new stake in shares of Mondelez International in the second quarter worth approximately $142,000. AdvisorNet Financial Inc grew its stake in shares of Mondelez International by 15.8% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,630 shares of the company’s stock valued at $107,000 after buying an additional 223 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Mondelez International by 12.8% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 19,647 shares of the company’s stock worth $1,293,000 after buying an additional 2,228 shares during the last quarter. Fiduciary Financial Group LLC purchased a new position in shares of Mondelez International in the 2nd quarter worth $228,000. Finally, Royal Fund Management LLC boosted its holdings in Mondelez International by 2.4% in the second quarter. Royal Fund Management LLC now owns 12,815 shares of the company’s stock valued at $839,000 after acquiring an additional 300 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the subject of several research analyst reports. Bank of America upped their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company cut their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, December 5th. Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. Evercore ISI increased their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the company from $78.00 to $67.00 in a report on Thursday. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.07.

Mondelez International Trading Down 0.8 %

NASDAQ:MDLZ opened at $62.63 on Friday. Mondelez International, Inc. has a one year low of $60.33 and a one year high of $77.20. The business’s 50-day simple moving average is $67.35 and its 200 day simple moving average is $68.72. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a market cap of $83.75 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 2.84 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter last year, the company earned $0.82 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.