Rafferty Asset Management LLC Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Rafferty Asset Management LLC boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 27.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 332,454 shares of the company's stock after purchasing an additional 71,345 shares during the period. Rafferty Asset Management LLC's holdings in Mondelez International were worth $19,857,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raiffeisen Bank International AG bought a new stake in Mondelez International during the fourth quarter valued at about $1,124,000. ProShare Advisors LLC raised its holdings in Mondelez International by 20.1% during the fourth quarter. ProShare Advisors LLC now owns 1,708,072 shares of the company's stock valued at $102,023,000 after acquiring an additional 285,842 shares during the period. Mufg Securities Americas Inc. bought a new stake in Mondelez International during the fourth quarter valued at about $1,179,000. Nissay Asset Management Corp Japan ADV raised its holdings in Mondelez International by 4.5% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 299,217 shares of the company's stock valued at $18,016,000 after acquiring an additional 12,813 shares during the period. Finally, NorthRock Partners LLC raised its holdings in Mondelez International by 162.9% during the fourth quarter. NorthRock Partners LLC now owns 547,701 shares of the company's stock valued at $32,714,000 after acquiring an additional 339,337 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of several research reports. Mizuho lifted their target price on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target for the company. in a research report on Friday, February 7th. Evercore ISI lifted their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Finally, DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $70.55.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $0.40 on Monday, reaching $65.72. The company's stock had a trading volume of 6,356,173 shares, compared to its average volume of 7,978,534. The stock's 50-day moving average is $66.15 and its two-hundred day moving average is $63.33. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-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 $85.10 billion, a P/E ratio of 19.22, a PEG 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, topping 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 business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The business's revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

About Mondelez International

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.