Nissay Asset Management Corp Japan ADV grew its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 461,615 shares of the company’s stock after purchasing an additional 38,174 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Mondelez International were worth $19,831,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Investec Asset Management PTY Ltd bought a new position in shares of Mondelez International during the second quarter valued at approximately $1,529,000. Captrust Financial Advisors increased its holdings in shares of Mondelez International by 17.4% during the second quarter. Captrust Financial Advisors now owns 54,093 shares of the company’s stock valued at $2,229,000 after acquiring an additional 8,028 shares in the last quarter. BLB&B Advisors LLC increased its holdings in shares of Mondelez International by 2.8% during the third quarter. BLB&B Advisors LLC now owns 47,024 shares of the company’s stock valued at $2,020,000 after acquiring an additional 1,285 shares in the last quarter. Motco increased its holdings in shares of Mondelez International by 2.7% during the second quarter. Motco now owns 106,391 shares of the company’s stock valued at $4,362,000 after acquiring an additional 2,827 shares in the last quarter. Finally, ARGA Investment Management LP increased its holdings in shares of Mondelez International by 9.9% during the second quarter. ARGA Investment Management LP now owns 68,575 shares of the company’s stock valued at $2,812,000 after acquiring an additional 6,175 shares in the last quarter. 74.78% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on MDLZ shares. JPMorgan Chase & Co. raised their price target on Mondelez International from $45.00 to $47.00 and gave the company a “$41.68” rating in a report on Monday, July 23rd. Credit Suisse Group set a $48.00 price objective on Mondelez International and gave the company a “buy” rating in a research report on Thursday, September 6th. UBS Group increased their price objective on Mondelez International from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. DZ Bank raised Mondelez International from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. Finally, BidaskClub raised Mondelez International from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $48.93.
Shares of MDLZ stock traded up $1.57 during trading hours on Tuesday, reaching $41.68. 686,914 shares of the company traded hands, compared to its average volume of 7,162,392. Mondelez International Inc has a 12-month low of $37.42 and a 12-month high of $46.54. The company has a quick ratio of 0.37, a current ratio of 0.55 and a debt-to-equity ratio of 0.59. The stock has a market cap of $58.82 billion, a P/E ratio of 19.46, a PEG ratio of 1.81 and a beta of 0.83.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Monday, October 29th. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. Mondelez International had a return on equity of 13.42% and a net margin of 11.58%. The firm had revenue of $6.29 billion for the quarter, compared to analysts’ expectations of $6.32 billion. During the same period in the previous year, the firm earned $0.57 EPS. The business’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts expect that Mondelez International Inc will post 2.43 earnings per share for the current fiscal year.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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