United Asset Strategies Inc. Grows Stock Holdings in Mondelez International, Inc. $MDLZ

United Asset Strategies Inc. boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 93.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 29,631 shares of the company’s stock after buying an additional 14,323 shares during the quarter. United Asset Strategies Inc.’s holdings in Mondelez International were worth $1,998,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MDLZ. Hemington Wealth Management increased its holdings in shares of Mondelez International by 11.4% during the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock worth $103,000 after buying an additional 156 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Mondelez International by 37.2% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after buying an additional 163 shares during the period. Enterprise Bank & Trust Co increased its position in shares of Mondelez International by 0.7% in the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after acquiring an additional 170 shares in the last quarter. Sage Private Wealth Group LLC raised its stake in shares of Mondelez International by 3.7% in the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock valued at $334,000 after acquiring an additional 175 shares during the period. Finally, Relyea Zuckerberg Hanson LLC lifted its holdings in shares of Mondelez International by 4.9% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock valued at $250,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $57.12 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $73.91 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $71.15. The business has a 50 day simple moving average of $61.11 and a 200-day simple moving average of $64.31.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm had revenue of $7.30 billion for the quarter. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on MDLZ. Barclays cut their price objective on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Bank of America reduced their price target on Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Wall Street Zen downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Morgan Stanley cut their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Finally, DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.37.

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.