CIBC Asset Management Inc Buys 12,034 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

CIBC Asset Management Inc lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,113,412 shares of the company’s stock after acquiring an additional 12,034 shares during the period. CIBC Asset Management Inc’s holdings in Mondelez International were worth $81,950,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International in the second quarter valued at approximately $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International in the second quarter worth about $27,000. Richardson Financial Services Inc. lifted its position in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mondelez International during the 2nd quarter valued at approximately $29,000. Finally, ESL Trust Services LLC acquired a new stake in Mondelez International in the 1st quarter valued at approximately $38,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Mondelez International stock opened at $65.56 on Friday. Mondelez International, Inc. has a 52 week low of $64.18 and a 52 week high of $77.20. The firm has a market cap of $87.67 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.98 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 business’s fifty day moving average is $71.52 and its two-hundred day moving average is $69.64.

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. 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 for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Equities research analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. DA Davidson reduced their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Redburn Atlantic began coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.31.

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.