Natixis Advisors LLC Has $97.73 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Natixis Advisors LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,326,627 shares of the company's stock after purchasing an additional 144,160 shares during the quarter. Natixis Advisors LLC owned about 0.10% of Mondelez International worth $97,733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mizuho Securities USA LLC raised its position in Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock worth $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. Coastline Trust Co bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $94,000. Northcape Wealth Management LLC lifted its stake in Mondelez International by 3.5% during the third quarter. Northcape Wealth Management LLC now owns 27,215 shares of the company's stock valued at $2,005,000 after purchasing an additional 930 shares during the last quarter. First Long Island Investors LLC boosted its holdings in Mondelez International by 0.6% during the third quarter. First Long Island Investors LLC now owns 206,563 shares of the company's stock worth $15,217,000 after buying an additional 1,302 shares in the last quarter. Finally, Archer Investment Corp grew its position in Mondelez International by 7.5% in the third 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. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 1.6 %

Shares of Mondelez International stock traded down $1.07 during trading hours on Friday, hitting $64.49. The company's stock had a trading volume of 7,204,038 shares, compared to its average volume of 6,575,248. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The company has a market capitalization of $86.24 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55. The stock has a 50 day moving average of $71.11 and a 200 day moving average of $69.55. Mondelez International, Inc. has a 12 month low of $63.91 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS 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 firm had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The business's quarterly revenue was up 1.9% compared to the same quarter last year. Analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MDLZ shares. Stifel Nicolaus increased their price objective on Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Piper Sandler lifted their price target on Mondelez International from $74.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their price target on Mondelez International from $82.00 to $78.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on Mondelez International from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. Finally, Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and an average 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.