Bridgewater Associates LP Has $26.59 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Bridgewater Associates LP lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 81.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 360,934 shares of the company’s stock after selling 1,637,116 shares during the period. Bridgewater Associates LP’s holdings in Mondelez International were worth $26,590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hancock Whitney Corp boosted its position in Mondelez International by 2.6% in the 1st quarter. Hancock Whitney Corp now owns 8,539 shares of the company’s stock valued at $598,000 after buying an additional 216 shares during the last quarter. LRI Investments LLC acquired a new stake in Mondelez International during the 1st quarter worth $135,000. Swedbank AB bought a new stake in shares of Mondelez International during the 1st quarter valued at $75,514,000. Orleans Capital Management Corp LA lifted its stake in shares of Mondelez International by 10.5% in the 1st quarter. Orleans Capital Management Corp LA now owns 8,640 shares of the company’s stock valued at $605,000 after purchasing an additional 820 shares during the period. Finally, Burney Co. boosted its position in shares of Mondelez International by 918.6% in the 1st quarter. Burney Co. now owns 52,877 shares of the company’s stock worth $3,701,000 after purchasing an additional 47,686 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MDLZ. Wells Fargo & Company cut their target price 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. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Citigroup cut their price objective 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. Stifel Nicolaus increased their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, DA Davidson dropped their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.13.

Mondelez International Stock Up 0.3 %

MDLZ stock opened at $65.06 on Thursday. Mondelez International, Inc. has a 1-year low of $63.40 and a 1-year high of $77.20. The business’s 50 day simple moving average is $69.42 and its 200 day simple moving average is $69.22. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $87.00 billion, a PE ratio of 23.07, a PEG ratio of 2.93 and a beta of 0.55.

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