Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,445,724 shares of the company’s stock after acquiring an additional 50,094 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of Mondelez International worth $253,846,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International in the second quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International in the second quarter worth $27,000. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mondelez International during the second quarter valued at $29,000. Finally, ESL Trust Services LLC purchased a new stake in Mondelez International in the first quarter valued at $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MDLZ shares. The Goldman Sachs Group began coverage on Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Citigroup lowered their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI lifted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Barclays lowered their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $66.52 on Wednesday. The stock has a 50 day moving average of $71.82 and a two-hundred day moving average of $69.70. Mondelez International, Inc. has a 12 month low of $64.18 and a 12 month high of $77.20. The firm has a market cap of $88.95 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 2.99 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 (NASDAQ:MDLZ) last posted 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 during the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the prior year, the company earned $0.82 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal 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.