Public Sector Pension Investment Board Buys 398,786 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Public Sector Pension Investment Board raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 48.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,223,178 shares of the company’s stock after acquiring an additional 398,786 shares during the quarter. Public Sector Pension Investment Board’s holdings in Mondelez International were worth $90,112,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Truvestments Capital LLC bought a new position in Mondelez International during the third quarter valued at about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the third quarter valued at approximately $27,000. Richardson Financial Services Inc. raised its stake in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International in the second quarter worth $26,000. Finally, Lynx Investment Advisory bought a new position in Mondelez International in the second quarter worth $27,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ stock opened at $65.06 on Thursday. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The stock has a market capitalization of $87.00 billion, a PE ratio of 23.07, a PEG ratio of 2.93 and a beta of 0.55. 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 stock’s fifty day moving average is $69.42 and its 200-day moving average 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. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. Equities research analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased 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. The Goldman Sachs Group began coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. Redburn Atlantic began 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. DA Davidson lowered their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, Bank of America raised their target price on 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 fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.13.

About 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.