Vinva Investment Management Ltd Buys 7,561 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Vinva Investment Management Ltd lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,191 shares of the company’s stock after purchasing an additional 7,561 shares during the quarter. Vinva Investment Management Ltd’s holdings in Mondelez International were worth $4,615,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International in the 2nd quarter worth about $26,000. Lynx Investment Advisory bought a new position in Mondelez International in the 2nd quarter worth about $27,000. Prospera Private Wealth LLC bought a new position in Mondelez International in the 3rd quarter worth about $27,000. Finally, Richardson Financial Services Inc. increased its stake in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on MDLZ shares. Wells Fargo & Company decreased their target price 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. Citigroup decreased their target price 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. Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus upped their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI upped their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.93.

Mondelez International Trading Up 0.3 %

Shares of MDLZ stock opened at $65.06 on Friday. The stock has a market capitalization of $87.00 billion, a PE ratio of 23.07, a P/E/G ratio of 2.94 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 business has a 50-day moving average of $69.23 and a 200 day moving average of $69.19. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

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.