Creative Planning Acquires 34,717 Shares of Mondelez International, Inc. $MDLZ

Creative Planning grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 443,878 shares of the company’s stock after purchasing an additional 34,717 shares during the period. Creative Planning’s holdings in Mondelez International were worth $29,935,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Rossby Financial LCC increased its position in shares of Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares during the last quarter. Aspect Partners LLC grew its stake in Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares in the last quarter. Financial Connections Group Inc. bought a new stake in Mondelez International during the 2nd quarter valued at $33,000. Saudi Central Bank purchased a new position in shares of Mondelez International in the 1st quarter valued at $36,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in shares of Mondelez International by 37.2% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after acquiring an additional 163 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $56.86 on Monday. The stock has a market capitalization of $73.37 billion, a P/E ratio of 21.30, a PEG ratio of 5.34 and a beta of 0.42. The company has a 50 day moving average price of $60.85 and a 200 day moving average price of $64.11. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on MDLZ. Mizuho cut their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 28th. Morgan Stanley dropped their price target on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Stifel Nicolaus decreased their price objective on Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Zacks Research cut shares of Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Finally, Royal Bank Of Canada cut their target price on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $68.37.

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.