Oppenheimer Asset Management Inc. Has $3.02 Million Stock Position in Mondelez International, Inc. $MDLZ

Oppenheimer Asset Management Inc. cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 54.2% in the second quarter, HoldingsChannel reports. The fund owned 44,761 shares of the company’s stock after selling 52,931 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Mondelez International were worth $3,019,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after buying an additional 13,755,181 shares during the period. Nuveen LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at $866,843,000. Goldman Sachs Group Inc. increased its stake in shares of Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after acquiring an additional 3,454,174 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Mondelez International by 148.6% during the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after acquiring an additional 1,775,570 shares in the last quarter. Finally, Brown Advisory Inc. boosted its position in Mondelez International by 659.9% during the first quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company’s stock valued at $101,988,000 after purchasing an additional 1,305,332 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on Mondelez International from $75.00 to $74.00 and set an “overweight” rating on the stock in a research report on Friday, October 17th. Stifel Nicolaus boosted their price target on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. UBS Group cut their price objective on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Evercore ISI reduced their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Finally, Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.39.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $60.21 on Wednesday. The firm has a market capitalization of $77.91 billion, a PE ratio of 22.05, a PEG ratio of 5.52 and a beta of 0.45. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The firm’s fifty day simple moving average is $62.16 and its 200 day simple moving average is $65.04.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

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.