B. Metzler seel. Sohn & Co. Holding AG Takes $10.03 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 136,134 shares of the company’s stock, valued at approximately $10,029,000.

A number of other hedge funds also recently made changes to their positions in MDLZ. Mizuho Securities USA LLC grew its holdings 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 worth $926,327,000 after acquiring an additional 12,470,573 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings 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 buying an additional 4,794,746 shares during the last quarter. Capital Research Global Investors grew its position in 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 acquiring an additional 2,206,023 shares in the last quarter. Wulff Hansen & CO. boosted its holdings in 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 purchasing an additional 1,723,537 shares in the last quarter. Finally, Renaissance Technologies LLC lifted 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 during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $63.87 on Wednesday. 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 company has a 50-day moving average of $70.65 and a 200-day moving average of $69.45. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The company has a market capitalization of $85.41 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.91 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MDLZ shares. JPMorgan Chase & Co. raised their price objective on 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 lifted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Citigroup reduced their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Stifel Nicolaus raised their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. 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 research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International 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.