FUKOKU MUTUAL LIFE INSURANCE Co Has $352,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

FUKOKU MUTUAL LIFE INSURANCE Co lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 43.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,775 shares of the company’s stock after selling 3,640 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Mondelez International were worth $352,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC boosted its holdings in Mondelez International by 1.9% in the first quarter. Orion Portfolio Solutions LLC now owns 80,846 shares of the company’s stock valued at $5,659,000 after acquiring an additional 1,507 shares during the last quarter. 1ST Source Bank boosted its stake in shares of Mondelez International by 34.3% in the 1st quarter. 1ST Source Bank now owns 6,809 shares of the company’s stock valued at $477,000 after purchasing an additional 1,738 shares during the last quarter. M&G Plc bought a new position in Mondelez International during the first quarter worth $12,010,000. First Foundation Advisors raised its stake in Mondelez International by 17.1% during the first quarter. First Foundation Advisors now owns 7,907 shares of the company’s stock worth $553,000 after buying an additional 1,152 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in Mondelez International by 246.7% in the first quarter. Jupiter Asset Management Ltd. now owns 925,224 shares of the company’s stock valued at $64,766,000 after buying an additional 658,321 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $65.56 on Friday. The stock has a 50-day moving average price of $71.52 and a 200-day moving average price of $69.64. The company has a market cap of $87.67 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12-month low of $64.18 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the company earned $0.82 EPS. The company’s revenue was up 1.9% on a year-over-year basis. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Redburn Atlantic started 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. JPMorgan Chase & Co. lifted their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Citigroup reduced their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Bank of America raised their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Piper Sandler boosted their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $80.31.

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.