Massachusetts Financial Services Co. MA Increases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Massachusetts Financial Services Co. MA lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,215,182 shares of the company’s stock after purchasing an additional 489,068 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Mondelez International were worth $1,268,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mizuho Securities USA LLC raised its position in Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares during the period. Legal & General Group Plc lifted its position in Mondelez International by 2.6% during the second quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock valued at $749,467,000 after purchasing an additional 293,773 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Mondelez International by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock valued at $587,094,000 after purchasing an additional 1,071,719 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in Mondelez International by 1.6% during the second quarter. 1832 Asset Management L.P. now owns 3,825,220 shares of the company’s stock valued at $250,322,000 after purchasing an additional 61,084 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in Mondelez International by 18.1% in the second quarter. Canada Pension Plan Investment Board now owns 3,553,293 shares of the company’s stock worth $232,527,000 after buying an additional 544,857 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MDLZ shares. Evercore ISI lifted their price target 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. Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Piper Sandler boosted their price target on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. DA Davidson reduced their price objective on shares of 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, Bank of America upped their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. 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 presently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Trading Up 0.9 %

Shares of MDLZ stock opened at $64.42 on Thursday. The company has a market cap of $86.14 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.88 and a beta of 0.55. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20. The stock’s 50 day simple moving average is $70.45 and its two-hundred day simple moving average is $69.42. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

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

About Mondelez International

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.