Prospector Partners LLC Has $16.84 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Prospector Partners LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 228,641 shares of the company’s stock after buying an additional 971 shares during the period. Mondelez International comprises about 1.8% of Prospector Partners LLC’s holdings, making the stock its 21st largest position. Prospector Partners LLC’s holdings in Mondelez International were worth $16,844,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC grew its position in Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares in the last quarter. Dai ichi Life Insurance Company Ltd boosted its stake in Mondelez International by 22.8% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 296,385 shares of the company’s stock valued at $21,835,000 after acquiring an additional 54,951 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in Mondelez International by 7.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 16,429 shares of the company’s stock valued at $1,210,000 after acquiring an additional 1,112 shares during the last quarter. Mirabella Financial Services LLP bought a new position in shares of Mondelez International during the 3rd quarter valued at approximately $5,611,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Mondelez International during the 3rd quarter worth approximately $25,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on MDLZ shares. JPMorgan Chase & Co. raised their target price on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Bank of America increased their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus boosted their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price for the company. Finally, The Goldman Sachs Group began coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Price Performance

MDLZ opened at $64.94 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $86.84 billion, a P/E ratio of 23.03, a PEG ratio of 2.91 and a beta of 0.55. The stock has a 50-day moving average price of $69.83 and a 200-day moving average price of $69.29. Mondelez International, Inc. has a 12-month low of $63.40 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion during 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 revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Equities analysts predict 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.