Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 8,878,471 shares of the company’s stock after acquiring an additional 59,098 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Mondelez International were worth $654,077,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Public Sector Pension Investment Board raised its holdings in Mondelez International by 48.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,223,178 shares of the company’s stock valued at $90,112,000 after acquiring an additional 398,786 shares during the last quarter. Fiduciary Trust Co raised its holdings in Mondelez International by 5.8% in the 3rd quarter. Fiduciary Trust Co now owns 27,461 shares of the company’s stock valued at $2,023,000 after acquiring an additional 1,511 shares during the last quarter. CreativeOne Wealth LLC raised its holdings in Mondelez International by 61.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 15,565 shares of the company’s stock valued at $1,147,000 after acquiring an additional 5,922 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Mondelez International by 134.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 288,432 shares of the company’s stock valued at $21,249,000 after acquiring an additional 165,285 shares during the last quarter. Finally, Hardy Reed LLC raised its holdings in Mondelez International by 1.4% in the 3rd quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock valued at $848,000 after acquiring an additional 161 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MDLZ. Citigroup cut their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. 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 note on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Evercore ISI boosted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, DA Davidson lowered their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.13.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $65.06 on Thursday. Mondelez International, Inc. has a 12 month low of $63.40 and a 12 month 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 firm has a market capitalization of $87.00 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.93 and a beta of 0.55. The company’s fifty day moving average price is $69.42 and its two-hundred day moving average price is $69.22.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the previous year, the business posted $0.82 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts anticipate 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.