BNP PARIBAS ASSET MANAGEMENT Holding S.A. Raises Position in Mondelez International, Inc. (NASDAQ:MDLZ)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,036,754 shares of the company’s stock after acquiring an additional 29,204 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Mondelez International were worth $76,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its holdings in Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after buying an additional 4,794,746 shares during the period. Mizuho Securities USA LLC raised its position in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after purchasing an additional 12,470,573 shares during the period. Legal & General Group Plc raised its holdings in Mondelez International by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock valued at $749,467,000 after buying an additional 293,773 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Mondelez International by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock worth $587,094,000 after acquiring an additional 1,071,719 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in Mondelez International by 1.6% during the 2nd 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 last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 0.6 %

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

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS. On average, analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Evercore ISI upped their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Bank of America increased their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. DA Davidson decreased 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. Wells Fargo & Company cut their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

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.