M&G Plc Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

M&G PLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,397 shares of the company's stock after purchasing an additional 19,227 shares during the quarter. M&G PLC's holdings in Mondelez International were worth $13,201,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MDLZ. Vanguard Group Inc. grew its stake in shares of Mondelez International by 5.4% during the first 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. Massachusetts Financial Services Co. MA boosted its position 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 worth $1,094,557,000 after acquiring an additional 4,794,746 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Mondelez International by 7.3% during the 1st 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 in the last quarter. Wulff Hansen & CO. increased its holdings in shares of Mondelez International by 6,311.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company's stock valued at $114,575,000 after acquiring an additional 1,723,537 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Mondelez International by 231.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company's stock worth $118,101,000 after acquiring an additional 1,260,124 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research analyst reports. Barclays lowered their price target on Mondelez International from $80.00 to $76.00 and set an "overweight" rating for the company in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $78.00 to $75.00 and set a "buy" rating on the stock in a research report on Wednesday, July 17th. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a "buy" rating and a $82.00 price target on the stock. Stifel Nicolaus upped their price objective 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. Finally, The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They set a "buy" rating and a $80.00 target price on the stock. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $80.31.

Mondelez International Stock Performance

MDLZ traded up $0.48 during trading on Friday, hitting $66.20. The stock had a trading volume of 4,840,580 shares, compared to its average volume of 6,775,846. The firm has a market capitalization of $88.43 billion, a P/E ratio of 23.48, a PEG ratio of 2.94 and a beta of 0.55. 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, Inc. has a twelve month low of $64.18 and a twelve month high of $77.20. The company's 50-day moving average price is $71.93 and its 200 day moving average price is $69.75.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) 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 analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business's revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 earnings per share. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current fiscal 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.