Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,897 shares of the company’s stock after buying an additional 3,373 shares during the period. Oppenheimer & Co. Inc.’s holdings in Mondelez International were worth $3,234,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 acquiring an additional 4,794,746 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Mondelez International by 7.3% in the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after purchasing an additional 2,206,023 shares in the last quarter. Wulff Hansen & CO. lifted its stake in shares of Mondelez International by 6,311.0% in the second quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock valued at $114,575,000 after purchasing an additional 1,723,537 shares during the period. Renaissance Technologies LLC boosted its holdings in Mondelez International by 231.4% during the second quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock worth $118,101,000 after buying an additional 1,260,124 shares in the last quarter. Finally, Swedbank AB purchased a new position in Mondelez International in the first quarter valued at about $75,514,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Evercore ISI upped their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Piper Sandler boosted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company dropped their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Finally, Citigroup cut their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Trading Down 1.6 %

NASDAQ MDLZ opened at $64.49 on Friday. The company has a 50-day moving average of $71.33 and a 200-day moving average of $69.62. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a 12 month low of $63.91 and a 12 month high of $77.20. The company has a market cap of $86.24 billion, a P/E ratio of 22.87, a P/E/G ratio of 2.98 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. As a group, equities analysts predict that Mondelez International, Inc. will post 3.48 earnings per share 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.