Sumitomo Mitsui Trust Group Inc. Buys 50,094 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,445,724 shares of the company's stock after purchasing an additional 50,094 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Mondelez International worth $253,846,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Axiom Advisory LLC raised its holdings in shares of Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company's stock valued at $643,000 after acquiring an additional 143 shares in the last quarter. Cadence Bank lifted its position in Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company's stock valued at $804,000 after purchasing an additional 148 shares during the last quarter. Evermay Wealth Management LLC grew its stake in Mondelez International by 2.6% in the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company's stock worth $409,000 after buying an additional 149 shares in the last quarter. Sachetta LLC increased its holdings in shares of Mondelez International by 14.0% in the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company's stock worth $81,000 after buying an additional 149 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. raised its position in shares of Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company's stock valued at $78,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MDLZ. Bank of America upped their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Piper Sandler raised their price objective on Mondelez International from $74.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. DA Davidson dropped their target price on Mondelez International from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Wednesday, July 31st. Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a "buy" rating and a $82.00 price target on the stock. Finally, Wells Fargo & Company lowered their price objective on shares of Mondelez International from $82.00 to $78.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and an average price target of $80.31.

Mondelez International Trading Down 0.8 %

Shares of MDLZ stock traded down $0.52 during trading hours on Wednesday, reaching $66.00. The company's stock had a trading volume of 5,388,922 shares, compared to its average volume of 6,773,332. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $88.25 billion, a P/E ratio of 23.26, a P/E/G ratio of 3.00 and a beta of 0.55. The firm's fifty day simple moving average is $71.70 and its 200 day simple moving average is $69.67. Mondelez International, Inc. has a one year low of $64.18 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. During the same period last year, the company posted $0.82 EPS. The company's quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts expect that Mondelez International, Inc. will post 3.48 EPS 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.