Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 51.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,531 shares of the company’s stock after acquiring an additional 20,942 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Mondelez International were worth $4,532,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Mizuho Securities USA LLC increased its stake in shares of 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 buying an additional 12,470,573 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in 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 worth $1,094,557,000 after acquiring an additional 4,794,746 shares in the last quarter. Wulff Hansen & CO. increased its position in shares of Mondelez International by 6,311.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock valued at $114,575,000 after purchasing an additional 1,723,537 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Mondelez International by 231.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock valued at $118,101,000 after purchasing an additional 1,260,124 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Mondelez International during the first quarter worth $75,514,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $64.40 on Monday. The firm has a market cap of $86.12 billion, a P/E ratio of 22.84, a P/E/G ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20. The business’s 50-day moving average price is $70.04 and its 200 day moving average price is $69.33. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for 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%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. On average, equities research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of analyst reports. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. 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. The Goldman Sachs Group initiated coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. JPMorgan Chase & Co. raised 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, Piper Sandler upped their target price on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.