Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,113,412 shares of the company's stock after purchasing an additional 12,034 shares during the period. CIBC Asset Management Inc owned 0.08% of Mondelez International worth $81,950,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Vanguard Group Inc. raised its stake in shares of Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company's stock worth $9,153,609,000 after purchasing an additional 6,696,897 shares in the last quarter. Capital Research Global Investors lifted its holdings in Mondelez International by 7.3% during the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company's stock worth $2,274,792,000 after acquiring an additional 2,206,023 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Mondelez International by 40.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company's stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares during the period. Legal & General Group Plc lifted its holdings in shares of Mondelez International by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 11,452,735 shares of the company's stock worth $749,467,000 after acquiring an additional 293,773 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Mondelez International by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company's stock valued at $587,094,000 after acquiring an additional 1,071,719 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research reports. Citigroup dropped their price target on Mondelez International from $80.00 to $78.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Wells Fargo & Company dropped their target price on Mondelez International from $82.00 to $78.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Finally, DA Davidson cut their target price on shares of Mondelez International from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $80.31.

Mondelez International Stock Down 1.8 %

MDLZ traded down $1.16 during trading on Friday, hitting $64.40. The stock had a trading volume of 4,072,192 shares, compared to its average volume of 6,761,455. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The company has a market capitalization of $86.12 billion, a PE ratio of 22.98, a PEG ratio of 2.98 and a beta of 0.55. Mondelez International, Inc. has a twelve month low of $63.91 and a twelve month high of $77.20. The stock has a 50 day simple moving average of $71.33 and a two-hundred day simple moving average of $69.62.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $9.20 billion during 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%. Mondelez International's quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $0.82 earnings per share. On average, research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

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.