Caprock Group LLC Invests $2.97 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

Caprock Group LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 40,033 shares of the company's stock, valued at approximately $2,968,000.

Several other hedge funds and other institutional investors have also modified their holdings of MDLZ. Bessemer Group Inc. increased its stake in shares of Mondelez International by 16.6% during the first quarter. Bessemer Group Inc. now owns 96,939 shares of the company's stock valued at $6,785,000 after acquiring an additional 13,793 shares during the period. Lake Street Advisors Group LLC lifted its position in Mondelez International by 39.2% in the first quarter. Lake Street Advisors Group LLC now owns 10,148 shares of the company's stock worth $715,000 after purchasing an additional 2,859 shares during the period. Natixis acquired a new stake in shares of Mondelez International during the first quarter worth approximately $502,000. Crewe Advisors LLC bought a new position in Mondelez International in the 1st quarter worth approximately $146,000. Finally, EP Wealth Advisors LLC raised its position in shares of Mondelez International by 5.6% during the 1st quarter. EP Wealth Advisors LLC now owns 22,500 shares of the company's stock valued at $1,575,000 after acquiring an additional 1,198 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Redburn Atlantic began coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a "buy" rating and a $82.00 target price on the stock. Wells Fargo & Company reduced their target price on Mondelez International from $82.00 to $78.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. 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. Finally, JPMorgan Chase & Co. upped their price target on Mondelez International from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.31.

Mondelez International Trading Up 0.9 %

MDLZ traded up $0.55 on Wednesday, hitting $64.42. The company had a trading volume of 5,231,137 shares, compared to its average volume of 6,764,490. Mondelez International, Inc. has a 12-month low of $63.40 and a 12-month high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The business's fifty day simple moving average is $70.65 and its 200 day simple moving average is $69.45. The company has a market cap of $86.14 billion, a PE ratio of 22.65, a PEG ratio of 2.91 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 earnings per share (EPS) for the quarter, topping 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 company earned $0.82 earnings per share. Equities research analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Company 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.