AM Investment Strategies LLC Invests $506,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

AM Investment Strategies LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,862 shares of the company’s stock, valued at approximately $506,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MDLZ. Kovack Advisors Inc. bought a new stake in Mondelez International during the 1st quarter worth about $237,000. Norden Group LLC lifted its holdings in Mondelez International by 39.8% during the first quarter. Norden Group LLC now owns 8,695 shares of the company’s stock worth $609,000 after acquiring an additional 2,476 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in Mondelez International by 8.8% in the first quarter. J.W. Cole Advisors Inc. now owns 9,937 shares of the company’s stock valued at $696,000 after acquiring an additional 800 shares during the period. Mission Wealth Management LP increased its holdings in shares of Mondelez International by 42.5% in the first quarter. Mission Wealth Management LP now owns 11,980 shares of the company’s stock worth $839,000 after acquiring an additional 3,572 shares in the last quarter. Finally, Palisade Asset Management LLC acquired a new stake in shares of Mondelez International during the first quarter worth about $180,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock traded up $0.03 during midday trading on Friday, reaching $68.51. The company’s stock had a trading volume of 6,470,448 shares, compared to its average volume of 6,784,174. The company has a current ratio of 0.63, a quick ratio of 0.50 and a debt-to-equity ratio of 0.59. The stock has a market cap of $91.52 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $64.18 and a 52 week high of $77.20. The business has a 50-day moving average price of $72.35 and a 200-day moving average price of $69.76.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 EPS. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Analyst Ratings Changes

MDLZ has been the subject of a number of research reports. DA Davidson lowered their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. Sanford C. Bernstein cut their price objective 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. Citigroup reduced their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.94.

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.