B. Metzler seel. Sohn & Co. Holding AG Acquires New Shares in Mondelez International, Inc. (NASDAQ:MDLZ)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 136,134 shares of the company's stock, valued at approximately $10,029,000.

A number of other large investors also recently modified their holdings of the company. Bessemer Group Inc. increased its position in shares of Mondelez International by 16.6% during the 1st quarter. Bessemer Group Inc. now owns 96,939 shares of the company's stock valued at $6,785,000 after purchasing an additional 13,793 shares during the last quarter. Lake Street Advisors Group LLC increased its position in shares of Mondelez International by 39.2% during the 1st quarter. Lake Street Advisors Group LLC now owns 10,148 shares of the company's stock valued at $715,000 after purchasing an additional 2,859 shares during the last quarter. Natixis purchased a new stake in shares of Mondelez International during the 1st quarter valued at $502,000. Crewe Advisors LLC purchased a new stake in shares of Mondelez International during the 1st quarter valued at $146,000. Finally, EP Wealth Advisors LLC grew its stake in shares of Mondelez International by 5.6% during the 1st quarter. EP Wealth Advisors LLC now owns 22,500 shares of the company's stock worth $1,575,000 after acquiring an additional 1,198 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $0.55 during trading on Wednesday, reaching $64.42. The stock had a trading volume of 5,231,137 shares, compared to its average volume of 6,764,490. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The firm has a market capitalization of $86.14 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 2.91 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $70.45 and a two-hundred day simple moving average of $69.42.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. As a group, analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDLZ has been the subject of several analyst reports. Wells Fargo & Company cut their target price on Mondelez International from $82.00 to $78.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Stifel Nicolaus raised their target price on Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their target price on Mondelez International from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. Citigroup decreased their price objective on Mondelez International from $80.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Finally, Bank of America boosted their price objective on Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $80.31.

Mondelez International Company 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.