GWN Securities Inc. Acquires 29,257 Shares of Mondelez International, Inc. $MDLZ

by · The Cerbat Gem

GWN Securities Inc. grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 48.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,304 shares of the company’s stock after buying an additional 29,257 shares during the quarter. Mondelez International makes up 1.1% of GWN Securities Inc.’s portfolio, making the stock its 19th largest position. GWN Securities Inc.’s holdings in Mondelez International were worth $6,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Hemington Wealth Management grew its holdings in Mondelez International by 11.4% during the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock worth $103,000 after acquiring an additional 156 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Mondelez International by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock worth $1,083,000 after purchasing an additional 160 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted 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 purchasing an additional 163 shares in the last quarter. Enterprise Bank & Trust Co lifted its position in shares of Mondelez International by 0.7% during the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after purchasing an additional 170 shares in the last quarter. Finally, Sage Private Wealth Group LLC raised its position in Mondelez International by 3.7% in the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock worth $334,000 after purchasing an additional 175 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Evercore ISI decreased their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Wells Fargo & Company cut their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Finally, Stifel Nicolaus upped their target price on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.22.

Read Our Latest Report on MDLZ

Mondelez International Stock Performance

Shares of MDLZ stock opened at $61.66 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The stock has a market cap of $79.78 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 5.44 and a beta of 0.45. The stock has a 50-day moving average of $62.21 and a 200-day moving average of $65.08. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.15.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The company 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, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Company Profile

(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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