Mondelez International, Inc. $MDLZ Stock Position Lifted by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.3% in the second quarter, Holdings Channel reports. The institutional investor owned 291,913 shares of the company’s stock after acquiring an additional 14,581 shares during the quarter. Cetera Investment Advisers’ holdings in Mondelez International were worth $19,687,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MDLZ. Creative Planning increased its stake in shares of Mondelez International by 8.5% in the second quarter. Creative Planning now owns 443,878 shares of the company’s stock worth $29,935,000 after acquiring an additional 34,717 shares during the last quarter. OmniStar Financial Group Inc. lifted its holdings in shares of Mondelez International by 22.7% during the 2nd quarter. OmniStar Financial Group Inc. now owns 3,789 shares of the company’s stock valued at $256,000 after buying an additional 702 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Mondelez International by 7.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 317,561 shares of the company’s stock valued at $21,416,000 after buying an additional 21,748 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in Mondelez International by 666.0% in the second quarter. Foundations Investment Advisors LLC now owns 72,306 shares of the company’s stock worth $4,876,000 after buying an additional 62,866 shares during the last quarter. Finally, Advisors Capital Management LLC raised its position in Mondelez International by 4.1% during the second quarter. Advisors Capital Management LLC now owns 14,278 shares of the company’s stock valued at $963,000 after acquiring an additional 566 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several recent research reports. Sanford C. Bernstein decreased their target price on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Bank of America lowered their target price on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Wells Fargo & Company decreased their price target on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Barclays lowered their price objective on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Thursday, October 2nd. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.37.

Mondelez International Stock Up 0.4%

MDLZ stock opened at $55.78 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.15. The company has a 50-day moving average of $60.58 and a two-hundred day moving average of $63.94. The stock has a market capitalization of $71.98 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $7.30 billion for the quarter. As a group, equities research 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.