OPSEU Pension Plan Trust Fund increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,768 shares of the company’s stock after acquiring an additional 1,551 shares during the quarter. OPSEU Pension Plan Trust Fund’s holdings in Mondelez International were worth $1,595,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Mondelez International by 0.8% during the 2nd quarter. BlackRock Inc. now owns 96,450,499 shares of the company’s stock worth $4,931,515,000 after acquiring an additional 744,535 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Mondelez International by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 15,719,785 shares of the company’s stock valued at $803,753,000 after purchasing an additional 826,060 shares during the period. Wells Fargo & Company MN increased its stake in Mondelez International by 0.5% in the third quarter. Wells Fargo & Company MN now owns 15,173,937 shares of the company’s stock valued at $871,742,000 after purchasing an additional 81,056 shares during the period. Morgan Stanley increased its stake in Mondelez International by 9.2% in the first quarter. Morgan Stanley now owns 9,164,175 shares of the company’s stock valued at $458,942,000 after purchasing an additional 774,723 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its stake in Mondelez International by 0.7% in the third quarter. Diamond Hill Capital Management Inc. now owns 7,661,142 shares of the company’s stock valued at $440,133,000 after purchasing an additional 55,617 shares during the period. Hedge funds and other institutional investors own 75.10% of the company’s stock.
MDLZ stock traded down $0.10 during trading on Tuesday, reaching $58.58. 120,615 shares of the company were exchanged, compared to its average volume of 7,147,170. The company has a market cap of $83.81 billion, a P/E ratio of 26.92, a PEG ratio of 3.10 and a beta of 0.59. Mondelez International, Inc. has a 52-week low of $41.19 and a 52-week high of $59.96. The stock’s 50 day moving average price is $56.49 and its 200 day moving average price is $54.37. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.36 and a current ratio of 0.74.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Monday, November 2nd. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.48 billion. Mondelez International had a net margin of 11.99% and a return on equity of 13.92%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.59 EPS for the current year.
A number of research analysts have commented on MDLZ shares. Sanford C. Bernstein restated a “buy” rating on shares of Mondelez International in a research note on Tuesday, July 21st. Piper Sandler lifted their price objective on shares of Mondelez International from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, September 23rd. Jefferies Financial Group lifted their price objective on shares of Mondelez International from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Seaport Global Securities initiated coverage on shares of Mondelez International in a report on Tuesday, July 28th. They issued a “buy” rating and a $61.00 target price on the stock. Finally, UBS Group lifted their target price on shares of Mondelez International from $62.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $62.13.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
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