Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 249,067 shares of the company’s stock after buying an additional 25,833 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Mondelez International were worth $18,349,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Hartford Funds Management Co LLC raised its position in Mondelez International by 3.8% in the third quarter. Hartford Funds Management Co LLC now owns 7,652 shares of the company’s stock worth $564,000 after acquiring an additional 282 shares in the last quarter. SevenBridge Financial Group LLC grew its stake in shares of Mondelez International by 6.4% in the 3rd quarter. SevenBridge Financial Group LLC now owns 35,133 shares of the company’s stock worth $2,588,000 after purchasing an additional 2,120 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Mondelez International by 82.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,811 shares of the company’s stock worth $207,000 after purchasing an additional 1,272 shares in the last quarter. StoneX Group Inc. lifted its stake in Mondelez International by 14.3% during the third quarter. StoneX Group Inc. now owns 28,737 shares of the company’s stock valued at $2,131,000 after purchasing an additional 3,598 shares during the last quarter. Finally, Palisade Asset Management LLC acquired a new stake in Mondelez International during the third quarter valued at approximately $204,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MDLZ shares. Stifel Nicolaus lifted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. 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 report on Tuesday, October 15th. The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Evercore ISI lifted their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, Redburn Atlantic assumed coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Stock Down 0.6 %

Mondelez International stock opened at $64.40 on Monday. Mondelez International, Inc. has a twelve month low of $63.40 and a twelve month high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm has a market cap of $86.12 billion, a PE ratio of 22.84, a P/E/G ratio of 2.91 and a beta of 0.55. The firm’s 50 day moving average price is $70.04 and its two-hundred day moving average price is $69.33.

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 business 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 for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. On average, research analysts predict that Mondelez International, Inc. will post 3.48 EPS 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.