Natixis Advisors LLC Acquires 144,160 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

by · The Cerbat Gem

Natixis Advisors LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 12.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,326,627 shares of the company’s stock after buying an additional 144,160 shares during the period. Natixis Advisors LLC owned 0.10% of Mondelez International worth $97,733,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Mizuho Securities USA LLC grew its stake in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Mondelez International by 40.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing 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 first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after purchasing an additional 2,206,023 shares during the period. Wulff Hansen & CO. raised its position 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 worth $114,575,000 after buying an additional 1,723,537 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Mondelez International by 231.4% in 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. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $64.49 on Friday. 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 $86.24 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a 12 month low of $63.91 and a 12 month high of $77.20. The company has a 50-day moving average price of $71.11 and a 200-day moving average price of $69.55.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MDLZ shares. Citigroup decreased their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Piper Sandler lifted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. DA Davidson lowered their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus increased their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.31.

Check Out Our Latest Research Report on MDLZ

Mondelez International Profile

(Free Report)

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.

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