Simmons Bank Acquires 245 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Simmons Bank raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.3% in the 4th quarter, Holdings Channel reports. The firm owned 5,996 shares of the company’s stock after purchasing an additional 245 shares during the quarter. Simmons Bank’s holdings in Mondelez International were worth $434,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. HHM Wealth Advisors LLC bought a new stake in Mondelez International during the 4th quarter valued at about $29,000. Carmel Capital Partners LLC bought a new position in Mondelez International in the 3rd quarter worth about $28,000. First Command Advisory Services Inc. purchased a new position in shares of Mondelez International during the third quarter worth approximately $29,000. Orion Capital Management LLC bought a new stake in shares of Mondelez International during the third quarter valued at approximately $35,000. Finally, Milestone Investment Advisors LLC purchased a new stake in shares of Mondelez International in the third quarter valued at approximately $56,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of several research reports. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays cut their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Sanford C. Bernstein raised their target price on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Stock Down 0.4 %

MDLZ stock traded down $0.26 on Wednesday, hitting $70.63. 3,938,601 shares of the company’s stock were exchanged, compared to its average volume of 7,873,901. The firm has a 50 day moving average price of $70.10 and a two-hundred day moving average price of $71.10. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.54. The stock has a market cap of $95.10 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.5 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.