Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Verus Financial Partners Inc.

Verus Financial Partners Inc. raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 79.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,203 shares of the company’s stock after acquiring an additional 4,082 shares during the quarter. Verus Financial Partners Inc.’s holdings in Mondelez International were worth $692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its position in Mondelez International by 5.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock valued at $179,520,000 after purchasing an additional 120,665 shares during the period. Handelsinvest Investeringsforvaltning acquired a new position in Mondelez International in the fourth quarter valued at about $1,650,000. Signature Estate & Investment Advisors LLC boosted its stake in Mondelez International by 4.7% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock worth $2,789,000 after buying an additional 1,713 shares during the period. Bahl & Gaynor Inc. increased its position in shares of Mondelez International by 1.1% during the fourth quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock valued at $422,468,000 after acquiring an additional 62,595 shares during the last quarter. Finally, HS Management Partners LLC raised its stake in shares of Mondelez International by 8.3% in the 4th quarter. HS Management Partners LLC now owns 1,671,075 shares of the company’s stock valued at $121,036,000 after acquiring an additional 128,490 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Sanford C. Bernstein boosted their target price on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Barclays decreased their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. cut their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.75.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded down $0.18 during trading on Thursday, reaching $70.25. The company had a trading volume of 1,327,793 shares, compared to its average volume of 7,831,822. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The stock’s fifty day moving average price is $70.10 and its 200 day moving average price is $71.10. The firm has a market capitalization of $94.59 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same period in the previous year, the company posted $0.89 EPS. Mondelez International’s revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.5 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.