NorthRock Partners LLC Has $32.71 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

NorthRock Partners LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 162.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 547,701 shares of the company's stock after buying an additional 339,337 shares during the quarter. Mondelez International comprises 1.1% of NorthRock Partners LLC's portfolio, making the stock its 17th largest position. NorthRock Partners LLC's holdings in Mondelez International were worth $32,714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in Mondelez International during the 4th quarter valued at $1,118,755,000. Capital Research Global Investors boosted its stake in shares of Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Mondelez International during the 4th quarter worth $256,832,000. Van ECK Associates Corp boosted its stake in shares of Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after acquiring an additional 3,282,937 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after acquiring an additional 2,002,640 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Up 0.3%

NASDAQ:MDLZ traded up $0.18 on Friday, hitting $65.32. 8,014,668 shares of the company's stock were exchanged, compared to its average volume of 7,976,422. 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 firm has a 50-day moving average price of $66.15 and a 200-day moving average price of $63.41. The company has a market cap of $84.58 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. As a group, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on MDLZ. Evercore ISI raised their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. UBS Group increased their target price on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Morgan Stanley increased their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Finally, Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $70.55.

Mondelez International 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.