Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by M&G Plc

M&G Plc raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,397 shares of the company’s stock after acquiring an additional 19,227 shares during the quarter. M&G Plc’s holdings in Mondelez International were worth $13,201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Maia Wealth LLC raised its stake in Mondelez International by 6.0% in the 3rd quarter. Maia Wealth LLC now owns 3,425 shares of the company’s stock valued at $240,000 after purchasing an additional 195 shares during the last quarter. Umpqua Bank raised its position in shares of Mondelez International by 2.6% in the third quarter. Umpqua Bank now owns 9,527 shares of the company’s stock valued at $702,000 after buying an additional 243 shares during the last quarter. White Lighthouse Investment Management Inc. purchased a new position in shares of Mondelez International in the third quarter worth about $253,000. Benchmark Financial Wealth Advisors LLC acquired a new position in Mondelez International during the third quarter worth about $231,000. Finally, Radnor Capital Management LLC purchased a new stake in Mondelez International during the 3rd quarter valued at about $1,186,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $65.72 on Friday. The business’s fifty day moving average price is $72.14 and its 200 day moving average price is $69.80. Mondelez International, Inc. has a 12-month low of $64.18 and a 12-month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $87.79 billion, a PE ratio of 23.30, a P/E/G ratio of 2.94 and a beta of 0.55.

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

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent research reports. Barclays lowered their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Sanford C. Bernstein cut their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Bank of America boosted 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. DA Davidson cut their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Piper Sandler boosted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

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.