Tidal Investments LLC Raises Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Tidal Investments LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,883 shares of the company’s stock after buying an additional 5,944 shares during the quarter. Tidal Investments LLC’s holdings in Mondelez International were worth $7,211,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mizuho Securities USA LLC grew its holdings in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares during the last quarter. Ilex Capital Partners UK LLP bought a new stake in Mondelez International in the third quarter valued at about $219,045,000. FMR LLC lifted its holdings in Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after buying an additional 2,268,639 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Mondelez International during the 3rd quarter valued at approximately $159,823,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Evercore ISI lifted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Bank of America boosted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Piper Sandler raised their target price on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Stifel Nicolaus raised their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.07.

Mondelez International Stock Performance

MDLZ opened at $62.63 on Friday. Mondelez International, Inc. has a 1-year low of $60.33 and a 1-year high of $77.20. 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 company has a market cap of $83.75 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.85 and a beta of 0.53. The company’s fifty day moving average price is $67.18 and its two-hundred day moving average price is $68.68.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the previous year, the company posted $0.82 EPS. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International declared that its board has authorized a share repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Mondelez International 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.