Taurus Asset Management LLC Has $19.97 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Taurus Asset Management LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 271,076 shares of the company’s stock after selling 276 shares during the period. Mondelez International comprises 1.9% of Taurus Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding. Taurus Asset Management LLC’s holdings in Mondelez International were worth $19,970,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. BDF Gestion purchased a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $6,690,000. Buckingham Capital Management Inc. lifted its holdings in shares of Mondelez International by 1,554.4% in the third quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock valued at $5,483,000 after purchasing an additional 69,934 shares in the last quarter. Strategic Wealth Investment Group LLC boosted its position in shares of Mondelez International by 40.4% in the third quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock worth $10,187,000 after buying an additional 40,154 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Mondelez International by 1.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,445,724 shares of the company’s stock valued at $253,846,000 after buying an additional 50,094 shares in the last quarter. Finally, Czech National Bank raised its position in Mondelez International by 6.5% during the third quarter. Czech National Bank now owns 272,116 shares of the company’s stock valued at $20,047,000 after buying an additional 16,507 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of MDLZ opened at $64.49 on Monday. The company has a market capitalization of $86.24 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55. 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 $63.91 and a one year high of $77.20. The company’s fifty day moving average price is $71.11 and its 200 day moving average price is $69.54.

Mondelez International (NASDAQ:MDLZ) last posted 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 business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MDLZ shares. Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus increased their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. DA Davidson dropped their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Evercore ISI lifted their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, The Goldman Sachs Group assumed coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.