Caisse DE Depot ET Placement DU Quebec Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 32.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,068,477 shares of the company’s stock after buying an additional 751,444 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Mondelez International were worth $226,055,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Axiom Advisory LLC increased its stake in Mondelez International by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after buying an additional 143 shares during the period. Sachetta LLC grew its stake in Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after acquiring an additional 149 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after buying an additional 150 shares in the last quarter. Carnegie Investment Counsel increased its position in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after purchasing an additional 151 shares during the last quarter. Finally, Pure Financial Advisors LLC raised its position in Mondelez International by 4.1% during the second quarter. Pure Financial Advisors LLC now owns 3,853 shares of the company’s stock valued at $252,000 after acquiring an additional 153 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

MDLZ stock opened at $64.95 on Friday. The company’s 50-day moving average price is $69.04 and its two-hundred day moving average price is $69.14. The firm has a market cap of $86.85 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.94 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12 month low of $63.40 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZGet Free Report) last announced 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 net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. On average, analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. Piper Sandler boosted their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Stifel Nicolaus raised their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Citigroup lowered their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.93.

View Our Latest Analysis on Mondelez International

Mondelez International Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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