Associated Banc Corp Has $45.15 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Associated Banc Corp raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 612,815 shares of the company’s stock after acquiring an additional 1,467 shares during the period. Mondelez International comprises about 1.3% of Associated Banc Corp’s investment portfolio, making the stock its 16th largest holding. Associated Banc Corp’s holdings in Mondelez International were worth $45,146,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Truvestments Capital LLC acquired a new position in shares of Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International in the third quarter valued at approximately $27,000. Richardson Financial Services Inc. lifted its position in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International during the second quarter worth $26,000. Finally, Lynx Investment Advisory bought a new position in Mondelez International in the second quarter valued at $27,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 0.4 %

Shares of NASDAQ MDLZ traded up $0.25 during midday trading on Monday, hitting $64.65. 7,188 shares of the stock traded hands, compared to its average volume of 6,737,355. 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 business has a 50 day moving average price of $70.04 and a two-hundred day moving average price of $69.33. Mondelez International, Inc. has a one year low of $63.40 and a one year high of $77.20. The company has a market cap of $86.45 billion, a PE ratio of 22.84, a P/E/G ratio of 2.91 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. On average, equities analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. DA Davidson cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

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.