Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 35.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 157,593 shares of the company’s stock after purchasing an additional 41,147 shares during the quarter. Intech Investment Management LLC’s holdings in Mondelez International were worth $11,610,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Mondelez International by 2.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,036,754 shares of the company’s stock valued at $76,378,000 after buying an additional 29,204 shares in the last quarter. Cornerstone Advisors LLC grew its holdings in shares of Mondelez International by 9.7% in the third quarter. Cornerstone Advisors LLC now owns 67,900 shares of the company’s stock valued at $5,002,000 after purchasing an additional 6,000 shares during the period. Citizens Financial Group Inc. RI lifted its stake in shares of Mondelez International by 4.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 95,093 shares of the company’s stock valued at $7,028,000 after purchasing an additional 4,150 shares during the last quarter. Payden & Rygel raised its holdings in shares of Mondelez International by 2,516.4% in the 3rd quarter. Payden & Rygel now owns 119,570 shares of the company’s stock valued at $8,809,000 after buying an additional 115,000 shares during the period. Finally, Moors & Cabot Inc. raised its stake in shares of Mondelez International by 1.2% in the third quarter. Moors & Cabot Inc. now owns 42,363 shares of the company’s stock valued at $3,121,000 after acquiring an additional 511 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Piper Sandler increased their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Wells Fargo & Company decreased their price objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. DA Davidson lowered their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $64.79 on Friday. The stock has a fifty day moving average price of $70.26 and a two-hundred day moving average price of $69.38. The firm has a market cap of $86.64 billion, a P/E ratio of 22.98, a PEG ratio of 2.88 and a beta of 0.55. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) 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 the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’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 company earned $0.82 EPS. Research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal 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.