Geode Capital Management LLC grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,204,955 shares of the company's stock after buying an additional 341,203 shares during the quarter. Geode Capital Management LLC owned approximately 2.11% of Mondelez International worth $2,069,906,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its holdings in Mondelez International by 3.2% in the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company's stock worth $4,459,239,000 after acquiring an additional 1,851,247 shares in the last quarter. FMR LLC boosted its position in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company's stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Mondelez International by 2.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company's stock worth $1,268,242,000 after purchasing an additional 489,068 shares during the period. Mizuho Securities USA LLC increased its stake in shares of Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock worth $926,327,000 after purchasing an additional 12,470,573 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Mondelez International by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 11,452,735 shares of the company's stock valued at $749,467,000 after purchasing an additional 293,773 shares during the period. Institutional investors own 78.32% of the company's stock.
Shares of MDLZ stock opened at $61.44 on Tuesday. The company has a market cap of $82.16 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 2.84 and a beta of 0.53. 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 stock's 50 day simple moving average is $67.76 and its two-hundred day simple moving average is $68.81. Mondelez International, Inc. has a 1 year low of $60.33 and a 1 year high of $77.20.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International's revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.82 earnings per share. Research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.
A number of equities research analysts have issued reports on MDLZ shares. Piper Sandler increased their price target on Mondelez International from $74.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Evercore ISI increased their target price on Mondelez International from $79.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, September 26th. Stifel Nicolaus boosted 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. Citigroup cut their price objective on shares of Mondelez International from $80.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Finally, Bank of America boosted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $79.64.
View Our Latest Research Report on Mondelez International
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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