Patrick Mauro Investment Advisor INC. lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 22.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,590 shares of the company's stock after acquiring an additional 7,916 shares during the period. Mondelez International makes up approximately 1.5% of Patrick Mauro Investment Advisor INC.'s holdings, making the stock its 26th biggest holding. Patrick Mauro Investment Advisor INC.'s holdings in Mondelez International were worth $2,604,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of MDLZ. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at approximately $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at approximately $27,000. Transce3nd LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at approximately $30,000. Orion Capital Management LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $31,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International Price Performance
NASDAQ MDLZ opened at $65.26 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a market capitalization of $84.50 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The firm's 50 day moving average is $66.21 and its 200-day moving average is $63.34.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same period last year, the company earned $0.93 earnings per share. The firm's revenue was up .2% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have commented on MDLZ. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Evercore ISI raised their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Wells Fargo & Company raised their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 2nd. Finally, DZ Bank downgraded shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price on the stock. in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $70.55.
Read Our Latest Research Report on MDLZ
Mondelez International 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.
Further Reading
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