Charles Schwab Investment Management Inc. Increases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Charles Schwab Investment Management Inc. boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,677,194 shares of the company’s stock after acquiring an additional 88,854 shares during the period. Charles Schwab Investment Management Inc. owned about 0.57% of Mondelez International worth $565,579,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International in the second quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International during the 2nd quarter valued at $27,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth $27,000. Richardson Financial Services Inc. raised its position in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mondelez International in the second quarter valued at $29,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.6 %

MDLZ opened at $64.79 on Friday. Mondelez International, Inc. has a 12 month low of $63.40 and a 12 month high of $77.20. The stock’s 50 day moving average price is $70.26 and its 200 day moving average price is $69.38. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The stock has a market cap of $86.64 billion, a P/E ratio of 22.98, a P/E/G ratio of 2.88 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the business posted $0.82 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Wall Street Analyst Weigh In

MDLZ has been the topic of several recent research reports. Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Stifel Nicolaus increased their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Citigroup reduced their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.31.

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.