Radnor Capital Management LLC Buys Shares of 16,097 Mondelez International, Inc. (NASDAQ:MDLZ)

Radnor Capital Management LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,097 shares of the company's stock, valued at approximately $1,186,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Mondelez International by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company's stock worth $9,153,609,000 after purchasing an additional 6,696,897 shares during the last quarter. Capital Research Global Investors increased its position in shares of Mondelez International by 7.3% in the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company's stock worth $2,274,792,000 after purchasing an additional 2,206,023 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company's stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Mondelez International by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 11,452,735 shares of the company's stock valued at $749,467,000 after buying an additional 293,773 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Mondelez International by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company's stock valued at $587,094,000 after buying an additional 1,071,719 shares during the period. Institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded down $0.47 during midday trading on Thursday, reaching $65.90. The company's stock had a trading volume of 2,640,252 shares, compared to its average volume of 6,767,276. Mondelez International, Inc. has a one year low of $64.18 and a one year high of $77.20. The company has a 50 day moving average price of $72.14 and a 200 day moving average price of $69.80. 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 company has a market cap of $88.03 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 2.94 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS. On average, equities research analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Mondelez International from $78.00 to $75.00 and set a "buy" rating for the company in a report on Wednesday, July 17th. Barclays decreased their price target on shares of Mondelez International from $80.00 to $76.00 and set an "overweight" rating for the company in a report on Friday, July 19th. Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price target for the company. Finally, Citigroup decreased their price target on shares of Mondelez International from $80.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.31.

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.