Dai ichi Life Insurance Company Ltd Has $21.84 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Dai ichi Life Insurance Company Ltd lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 22.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,385 shares of the company's stock after buying an additional 54,951 shares during the quarter. Dai ichi Life Insurance Company Ltd's holdings in Mondelez International were worth $21,835,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in Mondelez International during the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory bought a new position in Mondelez International during the 2nd quarter worth approximately $27,000. Prospera Private Wealth LLC bought a new position in Mondelez International during the 3rd quarter worth approximately $27,000. Finally, Richardson Financial Services Inc. boosted its stake in 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 acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Ratings Changes

MDLZ has been the topic of several recent analyst reports. Piper Sandler lifted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Stifel Nicolaus lifted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Evercore ISI lifted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. Bank of America lifted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lifted their price target 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. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $80.31.

Mondelez International Stock Up 0.8 %

MDLZ traded up $0.54 during trading on Tuesday, reaching $64.94. 10,733,802 shares of the stock were exchanged, compared to its average volume of 6,784,396. The stock has a market cap of $86.84 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a twelve month low of $63.40 and a twelve month high of $77.20. The stock's 50 day moving average price is $69.83 and its two-hundred day moving average price is $69.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates 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%. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share. Equities analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

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.