SevenBridge Financial Group LLC Has $2.59 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

SevenBridge Financial Group LLC boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 35,133 shares of the company’s stock after buying an additional 2,120 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Mondelez International were worth $2,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Natixis acquired a new stake in Mondelez International during the 1st quarter valued at approximately $502,000. LRI Investments LLC acquired a new stake in shares of Mondelez International during the first quarter worth $139,000. Waverly Advisors LLC raised its stake in Mondelez International by 162.2% during the first quarter. Waverly Advisors LLC now owns 22,417 shares of the company’s stock worth $1,569,000 after buying an additional 13,869 shares during the last quarter. Bayesian Capital Management LP lifted its holdings in Mondelez International by 33.9% in the first quarter. Bayesian Capital Management LP now owns 46,100 shares of the company’s stock valued at $3,227,000 after buying an additional 11,676 shares during the period. Finally, Industrial Alliance Investment Management Inc. boosted its position in Mondelez International by 3.8% during the first quarter. Industrial Alliance Investment Management Inc. now owns 10,442 shares of the company’s stock valued at $731,000 after acquiring an additional 382 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MDLZ. Citigroup lowered their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Evercore ISI lifted their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Wells Fargo & Company dropped their price target on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Bank of America lifted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Trading Down 0.6 %

NASDAQ:MDLZ opened at $64.40 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a one year low of $63.40 and a one year high of $77.20. The company has a market cap of $86.12 billion, a PE ratio of 22.84, a PEG ratio of 2.93 and a beta of 0.55. The firm has a 50-day moving average of $70.04 and a 200-day moving average of $69.33.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the company posted $0.82 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.48 EPS 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.