Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by M&G Plc

M&G Plc lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 178,397 shares of the company’s stock after buying an additional 19,227 shares during the quarter. M&G Plc’s holdings in Mondelez International were worth $13,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after acquiring an additional 6,696,897 shares in the last quarter. Capital Research Global Investors increased its holdings in Mondelez International by 7.3% in the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after buying an additional 2,206,023 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Mondelez International by 40.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after buying an additional 4,794,746 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Mondelez International by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock worth $749,467,000 after acquiring an additional 293,773 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased 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 valued at $587,094,000 after acquiring an additional 1,071,719 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on MDLZ. Barclays decreased their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Citigroup dropped their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Finally, Piper Sandler lifted their target price on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $65.72 on Friday. The stock has a fifty day moving average price of $72.14 and a 200 day moving average price of $69.80. Mondelez International, Inc. has a 1-year low of $64.18 and a 1-year high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The company has a market cap of $87.79 billion, a PE ratio of 23.30, a P/E/G ratio of 2.94 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping 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 company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the business earned $0.82 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current 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.