ProShare Advisors LLC Buys 285,842 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

ProShare Advisors LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 20.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,708,072 shares of the company’s stock after purchasing an additional 285,842 shares during the quarter. ProShare Advisors LLC’s holdings in Mondelez International were worth $102,023,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mufg Securities Americas Inc. bought a new stake in Mondelez International during the 4th quarter worth approximately $1,179,000. Nissay Asset Management Corp Japan ADV increased its position in Mondelez International by 4.5% in the 4th 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. NorthRock Partners LLC increased its position in Mondelez International by 162.9% in the 4th 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. Northeast Financial Consultants Inc increased its position in Mondelez International by 2.2% in the 4th quarter. Northeast Financial Consultants Inc now owns 23,602 shares of the company’s stock valued at $1,410,000 after acquiring an additional 504 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new position in Mondelez International in the 4th quarter valued at approximately $5,853,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and issued a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Mizuho increased their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $70.55.

Mondelez International Stock Up 2.5%

Mondelez International stock opened at $65.14 on Friday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The firm has a market capitalization of $84.34 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The firm’s fifty day moving average price is $66.20 and its two-hundred day moving average price is $63.44. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal 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.