Mufg Securities Americas Inc. Purchases New Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Mufg Securities Americas Inc. acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 19,739 shares of the company's stock, valued at approximately $1,179,000.

A number of other hedge funds also recently modified their holdings of the company. ICICI Prudential Asset Management Co Ltd boosted its stake in Mondelez International by 430.0% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after buying an additional 74,975 shares in the last quarter. Buckingham Capital Management Inc. lifted its holdings in shares of Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after acquiring an additional 18,961 shares during the period. Kennedy Investment Group acquired a new stake in shares of Mondelez International during the 4th quarter valued at about $313,000. Rhumbline Advisers increased its stake in Mondelez International by 1.4% in the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company's stock valued at $163,787,000 after acquiring an additional 37,897 shares during the period. Finally, Miracle Mile Advisors LLC raised its position in Mondelez International by 374.9% in the fourth quarter. Miracle Mile Advisors LLC now owns 22,124 shares of the company's stock worth $1,321,000 after purchasing an additional 17,465 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

MDLZ stock opened at $63.54 on Thursday. The company has a 50 day moving average price of $66.26 and a 200 day moving average price of $63.47. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a market capitalization of $82.27 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on MDLZ. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Wells Fargo & Company boosted their price target on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. DZ Bank cut Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a research report on Friday, February 7th. Morgan Stanley increased their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, Jefferies Financial Group downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $70.55.

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.

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.