Mondelez International, Inc. (NASDAQ:MDLZ) is Mizuho Securities USA LLC's 10th Largest Position

Mizuho Securities USA LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12,057.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,574,000 shares of the company's stock after buying an additional 12,470,573 shares during the period. Mondelez International makes up approximately 2.4% of Mizuho Securities USA LLC's portfolio, making the stock its 10th biggest position. Mizuho Securities USA LLC owned approximately 0.94% of Mondelez International worth $926,327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Coastline Trust Co bought a new stake in Mondelez International during the 3rd quarter worth approximately $94,000. Northcape Wealth Management LLC increased its holdings in Mondelez International by 3.5% during the 3rd quarter. Northcape Wealth Management LLC now owns 27,215 shares of the company's stock worth $2,005,000 after purchasing an additional 930 shares in the last quarter. First Long Island Investors LLC increased its holdings in Mondelez International by 0.6% during the 3rd quarter. First Long Island Investors LLC now owns 206,563 shares of the company's stock worth $15,217,000 after purchasing an additional 1,302 shares in the last quarter. Archer Investment Corp boosted its stake in shares of Mondelez International by 7.5% in the 3rd quarter. Archer Investment Corp now owns 5,431 shares of the company's stock worth $400,000 after buying an additional 380 shares during the last quarter. Finally, Empirical Finance LLC boosted its stake in shares of Mondelez International by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 47,200 shares of the company's stock worth $3,477,000 after buying an additional 927 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Down 1.6 %

Shares of NASDAQ:MDLZ traded down $1.07 on Friday, reaching $64.49. 7,204,038 shares of the company traded hands, compared to its average volume of 6,775,558. The business's 50-day simple moving average is $71.11 and its 200 day simple moving average is $69.56. Mondelez International, Inc. has a 52 week low of $63.91 and a 52 week high of $77.20. The stock has a market capitalization of $86.24 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

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, beating analysts' consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analysts' expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.82 earnings per share. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MDLZ shares. DA Davidson cut their target price on Mondelez International from $80.00 to $75.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. The Goldman Sachs Group started coverage on Mondelez International in a research note on Monday, August 12th. They issued a "buy" rating and a $80.00 target price on the stock. JPMorgan Chase & Co. boosted 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. Bank of America boosted their target price on Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Finally, Citigroup cut their target price on Mondelez International from $80.00 to $78.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.31.

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.