National Bank of Canada FI Has $108.87 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

National Bank of Canada FI lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 29.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,474,364 shares of the company’s stock after buying an additional 334,561 shares during the period. National Bank of Canada FI’s holdings in Mondelez International were worth $108,866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC lifted its holdings in shares of Mondelez International by 48.8% during the 3rd quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock valued at $343,411,000 after buying an additional 1,623,588 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Mondelez International by 44.5% in the third quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock worth $261,370,000 after acquiring an additional 1,159,900 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth $71,311,000. Envestnet Asset Management Inc. raised its holdings in shares of Mondelez International by 38.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock valued at $226,531,000 after purchasing an additional 900,445 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in shares of Mondelez International by 52.7% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock valued at $168,660,000 after purchasing an additional 838,651 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Barclays reduced their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Sanford C. Bernstein lifted their price objective on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Price Performance

Shares of Mondelez International stock traded down $0.61 during midday trading on Friday, hitting $69.89. 8,093,601 shares of the company were exchanged, compared to its average volume of 9,882,163. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.43. The firm has a 50 day simple moving average of $70.21 and a 200-day simple moving average of $71.01. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.54. The firm has a market cap of $94.11 billion, a P/E ratio of 22.19, a PEG ratio of 2.42 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. Research analysts forecast that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

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.