German American Bancorp Inc. Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

German American Bancorp Inc. purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,940 shares of the company’s stock, valued at approximately $217,000.

A number of other large investors have also recently bought and sold shares of MDLZ. Axiom Advisory LLC raised its position in Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after purchasing an additional 143 shares in the last quarter. Cadence Bank grew its position in Mondelez International by 1.3% in the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock valued at $804,000 after acquiring an additional 148 shares during the last quarter. Sachetta LLC grew its position in Mondelez International by 14.0% in the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after acquiring an additional 149 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after acquiring an additional 150 shares in the last quarter. Finally, Carnegie Investment Counsel lifted its holdings in shares of Mondelez International by 1.4% in the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after acquiring an additional 151 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company cut their price objective 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 reduced their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Evercore ISI raised their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. Finally, Bank of America upped their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Stock Up 0.9 %

Shares of Mondelez International stock opened at $64.42 on Thursday. The firm has a market cap of $86.14 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 2.88 and a beta of 0.55. The stock’s 50-day moving average is $70.45 and its 200 day moving average is $69.42. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a one year low of $63.40 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during 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%. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. Equities research analysts anticipate that Mondelez International, Inc. will post 3.48 EPS 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.