AlphaStar Capital Management LLC Takes $1.34 Million Position in Mondelez International, Inc. $MDLZ

AlphaStar Capital Management LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,803 shares of the company’s stock, valued at approximately $1,336,000.

Other large investors also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new stake in Mondelez International in the 1st quarter worth about $25,000. Rossby Financial LCC increased its holdings in Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 406 shares during the last quarter. North Capital Inc. purchased a new stake in Mondelez International in the 1st quarter worth about $31,000. Financial Connections Group Inc. purchased a new stake in Mondelez International in the 2nd quarter worth about $33,000. Finally, Saudi Central Bank purchased a new stake in Mondelez International in the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the subject of several recent research reports. Royal Bank Of Canada decreased their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Wednesday. Sanford C. Bernstein reduced their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday. Mizuho reduced their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday. Bank of America reduced their target price on Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday. Finally, DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.68.

Mondelez International Stock Performance

Shares of MDLZ opened at $57.46 on Friday. The company has a market cap of $74.35 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 5.34 and a beta of 0.45. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $61.83 and a 200-day moving average price of $64.85. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal 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.