Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 249,067 shares of the company’s stock after buying an additional 25,833 shares during the period. Daiwa Securities Group Inc.’s holdings in Mondelez International were worth $18,349,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Hartford Funds Management Co LLC raised its position in Mondelez International by 3.8% in the third quarter. Hartford Funds Management Co LLC now owns 7,652 shares of the company’s stock valued at $564,000 after purchasing an additional 282 shares during the period. SevenBridge Financial Group LLC grew its stake in shares of Mondelez International by 6.4% in the third quarter. SevenBridge Financial Group LLC now owns 35,133 shares of the company’s stock valued at $2,588,000 after buying an additional 2,120 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Mondelez International by 82.7% during the 3rd quarter. Larson Financial Group LLC now owns 2,811 shares of the company’s stock valued at $207,000 after buying an additional 1,272 shares during the period. StoneX Group Inc. lifted its position in Mondelez International by 14.3% during the 3rd quarter. StoneX Group Inc. now owns 28,737 shares of the company’s stock worth $2,131,000 after acquiring an additional 3,598 shares in the last quarter. Finally, Palisade Asset Management LLC purchased a new position in Mondelez International in the 3rd quarter worth approximately $204,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MDLZ shares. Bank of America lifted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Piper Sandler raised 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. DA Davidson dropped their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Stock Performance

MDLZ opened at $64.40 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $70.04 and its 200-day moving average is $69.33. The stock has a market cap of $86.12 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a twelve month low of $63.40 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

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.