Oppenheimer Asset Management Inc. Acquires 67,960 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Oppenheimer Asset Management Inc. boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 158.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,955 shares of the company's stock after purchasing an additional 67,960 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Mondelez International were worth $8,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Orion Portfolio Solutions LLC raised its position in shares of Mondelez International by 1.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 80,846 shares of the company's stock valued at $5,659,000 after purchasing an additional 1,507 shares during the last quarter. 1ST Source Bank boosted its holdings in Mondelez International by 34.3% in the first quarter. 1ST Source Bank now owns 6,809 shares of the company's stock valued at $477,000 after purchasing an additional 1,738 shares in the last quarter. M&G Plc acquired a new stake in shares of Mondelez International in the first quarter valued at approximately $12,010,000. First Foundation Advisors boosted its holdings in shares of Mondelez International by 17.1% in the first quarter. First Foundation Advisors now owns 7,907 shares of the company's stock valued at $553,000 after acquiring an additional 1,152 shares during the period. Finally, Jupiter Asset Management Ltd. raised its stake in shares of Mondelez International by 246.7% during the first quarter. Jupiter Asset Management Ltd. now owns 925,224 shares of the company's stock worth $64,766,000 after purchasing an additional 658,321 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on MDLZ shares. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Citigroup dropped their target price on shares of Mondelez International from $80.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Evercore ISI lifted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. Stifel Nicolaus boosted their price objective on Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Redburn Atlantic started coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $80.31.

Mondelez International Stock Down 1.5 %

NASDAQ:MDLZ traded down $0.99 during trading hours on Friday, hitting $64.57. 3,627,837 shares of the company's stock traded hands, compared to its average volume of 6,759,453. The firm has a market cap of $86.34 billion, a P/E ratio of 22.98, a P/E/G 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's fifty day moving average price is $71.33 and its two-hundred day moving average price is $69.62. 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 (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data 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. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business 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 company earned $0.82 EPS. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share 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.