Mizuho Securities USA LLC Has $6.38 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Mizuho Securities USA LLC reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.3% in the third quarter, HoldingsChannel.com reports. The fund owned 86,619 shares of the company’s stock after selling 16,808 shares during the quarter. Mizuho Securities USA LLC’s holdings in Mondelez International were worth $6,381,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Axiom Advisory LLC boosted its stake in shares of Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares during the last quarter. Sachetta LLC increased its position in shares of Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after purchasing an additional 149 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares during the period. Carnegie Investment Counsel boosted its holdings in shares of Mondelez International by 1.4% in the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after buying an additional 151 shares during the last quarter. Finally, Global Financial Private Client LLC grew its position in Mondelez International by 8.4% during the first quarter. Global Financial Private Client LLC now owns 1,966 shares of the company’s stock valued at $137,000 after buying an additional 153 shares during the period. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MDLZ shares. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. DA Davidson lowered their price objective 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. Stifel Nicolaus increased their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Citigroup reduced their price objective 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. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Trading Up 0.6 %

MDLZ stock opened at $64.79 on Friday. The firm has a fifty day moving average price of $70.26 and a 200 day moving average price of $69.38. Mondelez International, Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $77.20. The firm has a market cap of $86.64 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 2.88 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 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 analyst estimates of $9.11 billion. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal 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.