Wealth Alliance LLC Boosts Holdings in Mondelez International, Inc. $MDLZ

Wealth Alliance LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 24,418 shares of the company’s stock after acquiring an additional 2,114 shares during the period. Wealth Alliance LLC’s holdings in Mondelez International were worth $1,647,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Rossby Financial LCC lifted its stake in shares of Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 406 shares during the last quarter. Aspect Partners LLC grew its stake in Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares during the last quarter. Financial Connections Group Inc. acquired a new stake in shares of Mondelez International in the 2nd quarter worth $33,000. Saudi Central Bank acquired a new stake in Mondelez International in the 1st quarter worth approximately $36,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in Mondelez International by 37.2% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after acquiring an additional 163 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

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. 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. 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 (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. 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.

Analyst Ratings Changes

Several equities research analysts recently commented on MDLZ shares. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a report on Thursday, October 2nd. DZ Bank raised shares of Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Bank of America cut their price objective 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. Zacks Research cut Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Mizuho dropped their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 28th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.37.

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.