Intech Investment Management LLC Purchases 41,147 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Intech Investment Management LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 35.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 157,593 shares of the company’s stock after purchasing an additional 41,147 shares during the quarter. Intech Investment Management LLC’s holdings in Mondelez International were worth $11,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in Mondelez International in the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new position in Mondelez International in the second quarter worth about $27,000. Prospera Private Wealth LLC bought a new position in Mondelez International during the third quarter worth about $27,000. Richardson Financial Services Inc. boosted its holdings in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $29,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on MDLZ. JPMorgan Chase & Co. lifted their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. DA Davidson dropped their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Stifel Nicolaus raised their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Finally, Piper Sandler upped their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Trading Up 0.6 %

Mondelez International stock opened at $64.79 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The firm has a 50-day moving average of $70.26 and a 200-day moving average of $69.38. The company has a market cap of $86.64 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.88 and a beta of 0.55. Mondelez International, Inc. has a one year low of $63.40 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the business earned $0.82 EPS. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts expect 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.