Buckingham Capital Management Inc. Grows Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Buckingham Capital Management Inc. raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1,554.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 74,433 shares of the company's stock after buying an additional 69,934 shares during the period. Buckingham Capital Management Inc.'s holdings in Mondelez International were worth $5,483,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Atomi Financial Group Inc. grew its holdings in Mondelez International by 8.3% during the 1st quarter. Atomi Financial Group Inc. now owns 6,481 shares of the company's stock worth $454,000 after acquiring an additional 495 shares during the period. Sei Investments Co. increased its holdings in Mondelez International by 15.8% in the first quarter. Sei Investments Co. now owns 802,791 shares of the company's stock worth $56,195,000 after purchasing an additional 109,457 shares in the last quarter. Choate Investment Advisors increased its holdings in Mondelez International by 1.9% in the first quarter. Choate Investment Advisors now owns 9,940 shares of the company's stock worth $696,000 after purchasing an additional 185 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Mondelez International by 424.7% in the first quarter. Meeder Asset Management Inc. now owns 15,060 shares of the company's stock valued at $1,054,000 after buying an additional 12,190 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in shares of Mondelez International by 36.5% during the 1st quarter. QRG Capital Management Inc. now owns 114,682 shares of the company's stock worth $8,028,000 after buying an additional 30,673 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research reports. Citigroup dropped their target price 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. Sanford C. Bernstein decreased their target price on Mondelez International from $90.00 to $88.00 and set an "outperform" rating for the company in a research report on Wednesday, July 17th. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a "buy" rating and a $82.00 price target on the stock. Evercore ISI raised their price objective on Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. Finally, DA Davidson lowered their target price on Mondelez International from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $80.31.

Mondelez International Stock Down 0.2 %

NASDAQ:MDLZ traded down $0.10 on Monday, hitting $66.10. The stock had a trading volume of 7,972,350 shares, compared to its average volume of 6,781,834. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20. The firm's fifty day simple moving average is $71.93 and its two-hundred day simple moving average is $69.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a market cap of $88.39 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 2.99 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International's revenue was up 1.9% on a year-over-year basis. During the same period last year, the business posted $0.82 earnings per share. Analysts predict that Mondelez International, Inc. will post 3.48 earnings per share 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.