Dai ichi Life Insurance Company Ltd Has $21.84 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Dai ichi Life Insurance Company Ltd grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 22.8% during the third quarter, Holdings Channel.com reports. The firm owned 296,385 shares of the company’s stock after acquiring an additional 54,951 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Mondelez International were worth $21,835,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MDLZ. Truvestments Capital LLC acquired a new position in shares of Mondelez International during the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International during the second quarter valued at $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International during the second quarter valued at $27,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the third quarter valued at $27,000. Finally, Richardson Financial Services Inc. lifted its stake in shares of 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 acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on MDLZ shares. Bank of America increased their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Citigroup cut their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company cut their target price on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Stock Up 0.8 %

NASDAQ:MDLZ opened at $64.94 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The company has a market cap of $86.84 billion, a PE ratio of 23.03, a PEG ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20. The stock has a 50-day simple moving average of $69.83 and a 200 day simple moving average of $69.29.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results 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 analysts’ expectations of $9.11 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts expect that Mondelez International, Inc. will post 3.48 EPS 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.