Fifth Third Wealth Advisors LLC Increases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Fifth Third Wealth Advisors LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 26.5% during the third quarter, HoldingsChannel reports. The fund owned 18,248 shares of the company’s stock after acquiring an additional 3,827 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Mondelez International were worth $1,344,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC grew its position in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after buying an additional 12,470,573 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Mondelez International by 40.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after buying an additional 4,794,746 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after purchasing an additional 2,206,023 shares during the period. Wulff Hansen & CO. lifted its position in Mondelez International by 6,311.0% during the second quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock worth $114,575,000 after buying an additional 1,723,537 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Mondelez International by 231.4% during the second quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock worth $118,101,000 after purchasing an additional 1,260,124 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $63.87 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20. The stock has a market capitalization of $85.41 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.91 and a beta of 0.55. The stock’s fifty day simple moving average is $70.65 and its 200 day simple moving average is $69.45.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Citigroup lowered their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group started coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Redburn Atlantic assumed coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Finally, Evercore ISI boosted their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $80.31.

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.