Oppenheimer Asset Management Inc. Purchases 67,960 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Oppenheimer Asset Management Inc. lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 158.1% during the 3rd quarter, Holdings Channel reports. The firm owned 110,955 shares of the company’s stock after acquiring an additional 67,960 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Mondelez International were worth $8,174,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MDLZ. BDF Gestion purchased a new stake in Mondelez International in the second quarter worth $6,690,000. M&G Plc bought a new stake in Mondelez International during the 1st quarter valued at approximately $12,010,000. Strategic Wealth Investment Group LLC grew its holdings in shares of Mondelez International by 40.4% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock worth $10,187,000 after acquiring an additional 40,154 shares during the period. Buckingham Capital Management Inc. raised its position in shares of Mondelez International by 1,554.4% in the 3rd quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock worth $5,483,000 after acquiring an additional 69,934 shares in the last quarter. Finally, Czech National Bank lifted its stake in shares of Mondelez International by 6.5% in the 3rd quarter. Czech National Bank now owns 272,116 shares of the company’s stock valued at $20,047,000 after purchasing an additional 16,507 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.7 %

Mondelez International stock opened at $65.56 on Friday. Mondelez International, Inc. has a one year low of $64.18 and a one year high of $77.20. The business’s fifty day moving average is $71.52 and its 200 day moving average is $69.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The stock has a market capitalization of $87.67 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 3.00 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter last year, the firm posted $0.82 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup reduced their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Finally, Evercore ISI lifted their target price 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. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.31.

About Mondelez International

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.