2,169,440 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Bought by Holocene Advisors LP

Holocene Advisors LP acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,169,440 shares of the company’s stock, valued at approximately $159,823,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cetera Advisors LLC increased its stake in Mondelez International by 102.9% during the first quarter. Cetera Advisors LLC now owns 59,699 shares of the company’s stock valued at $4,179,000 after purchasing an additional 30,280 shares during the last quarter. Douglas Lane & Associates LLC raised its position in shares of Mondelez International by 7.8% during the 2nd quarter. Douglas Lane & Associates LLC now owns 14,040 shares of the company’s stock worth $919,000 after purchasing an additional 1,012 shares during the period. Mather Group LLC. boosted its position in Mondelez International by 7.5% during the 2nd quarter. Mather Group LLC. now owns 18,868 shares of the company’s stock valued at $1,321,000 after purchasing an additional 1,309 shares during the period. Lynx Investment Advisory bought a new position in Mondelez International during the 2nd quarter worth $27,000. Finally, Fulton Bank N.A. increased its position in Mondelez International by 12.0% in the second quarter. Fulton Bank N.A. now owns 5,100 shares of the company’s stock worth $334,000 after buying an additional 545 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $64.95 on Monday. The company has a market cap of $86.85 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.93 and a beta of 0.55. The business has a 50 day moving average price of $69.04 and a 200 day moving average price of $69.10. 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, Inc. has a twelve month low of $63.40 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the prior year, the business earned $0.82 earnings per share. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Wall Street Analyst Weigh In

MDLZ has been the subject of several analyst reports. Bank of America boosted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Redburn Atlantic started coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Stifel Nicolaus increased their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Piper Sandler boosted their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their target price on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.93.

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.