Geode Capital Management LLC Purchases 341,203 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Geode Capital Management LLC increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,204,955 shares of the company's stock after purchasing an additional 341,203 shares during the quarter. Geode Capital Management LLC owned 2.11% of Mondelez International worth $2,069,906,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in Mondelez International during the third quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth $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 buying an additional 200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Mondelez International in the second quarter valued at about $29,000. Finally, Highline Wealth Partners LLC bought a new position in Mondelez International in the third quarter valued at about $38,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 0.5 %

MDLZ stock traded up $0.31 during mid-day trading on Tuesday, reaching $61.75. 9,655,694 shares of the company traded hands, compared to its average volume of 6,880,000. The stock has a market cap of $82.57 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.84 and a beta of 0.53. Mondelez International, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $77.20. The firm's 50 day moving average price is $67.76 and its 200 day moving average price is $68.81. 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 - Get Free Report) last issued 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 business had revenue of $9.20 billion for the quarter, compared to analysts' expectations of $9.11 billion. During the same period last year, the business earned $0.82 EPS. The business's revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MDLZ shares. Citigroup reduced their price target on shares of Mondelez International from $80.00 to $78.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their target price on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research note on Thursday, December 5th. 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. Bank of America boosted their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Finally, Evercore ISI lifted their price target on Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $79.64.

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.