Unigestion Holding SA Has $7.52 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Unigestion Holding SA raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2,625.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 102,112 shares of the company’s stock after acquiring an additional 98,365 shares during the period. Unigestion Holding SA’s holdings in Mondelez International were worth $7,523,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Benjamin Edwards Inc. increased its stake in Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock valued at $31,369,000 after purchasing an additional 404,567 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after acquiring an additional 14,278 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Mondelez International by 11.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock worth $18,349,000 after acquiring an additional 25,833 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Mondelez International by 0.7% in the third quarter. HighTower Advisors LLC now owns 1,354,879 shares of the company’s stock worth $99,822,000 after purchasing an additional 9,789 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its position in Mondelez International by 51.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 61,531 shares of the company’s stock valued at $4,532,000 after buying an additional 20,942 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.5 %

Shares of MDLZ stock opened at $61.75 on Wednesday. The stock has a market capitalization of $82.57 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.84 and a beta of 0.53. Mondelez International, Inc. has a 1 year low of $60.33 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’s fifty day simple moving average is $67.76 and its two-hundred day simple moving average is $68.81.

Mondelez International (NASDAQ:MDLZ) last posted 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 for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. As a group, analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Evercore ISI increased their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Piper Sandler upped their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Citigroup dropped their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Finally, Bank of America lifted 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. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $79.64.

About Mondelez International

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.