Picton Mahoney Asset Management Has $15.11 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Picton Mahoney Asset Management grew its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208,539 shares of the company's stock after buying an additional 20,562 shares during the quarter. Picton Mahoney Asset Management's holdings in Mondelez International were worth $15,106,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Northern Trust Corp raised its stake in shares of Mondelez International by 1.8% during the third quarter. Northern Trust Corp now owns 17,099,636 shares of the company's stock valued at $1,186,715,000 after acquiring an additional 303,965 shares during the last quarter. Invesco Ltd. grew its position in Mondelez International by 9.2% in the 3rd quarter. Invesco Ltd. now owns 7,721,800 shares of the company's stock worth $535,893,000 after purchasing an additional 648,270 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Mondelez International by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,399,451 shares of the company's stock valued at $535,942,000 after acquiring an additional 127,904 shares during the last quarter. California Public Employees Retirement System raised its position in Mondelez International by 7.8% in the fourth quarter. California Public Employees Retirement System now owns 6,235,276 shares of the company's stock worth $451,621,000 after acquiring an additional 450,459 shares during the period. Finally, Bahl & Gaynor Inc. raised its stake in Mondelez International by 1.1% in the 4th quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company's stock valued at $422,468,000 after acquiring an additional 62,595 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of MDLZ traded up $0.96 during midday trading on Tuesday, hitting $70.89. 4,315,446 shares of the company traded hands, compared to its average volume of 7,921,690. The stock has a market cap of $95.45 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 2.47 and a beta of 0.55. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.54. The firm has a 50 day moving average of $70.10 and a 200-day moving average of $71.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. Mondelez International's quarterly revenue was up 1.4% compared to the same quarter last year. On average, analysts forecast that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MDLZ shares. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $82.00 to $76.00 and set an "overweight" rating for the company in a research report on Friday, April 12th. Barclays cut their price objective on Mondelez International from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Friday, April 12th. Citigroup cut their price target on Mondelez International from $87.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, January 18th. Finally, Stifel Nicolaus boosted their target price on shares of Mondelez International from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $80.75.

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.

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