Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,158,395 shares of the company's stock after purchasing an additional 12,431 shares during the quarter. PNC Financial Services Group Inc. owned about 0.16% of Mondelez International worth $159,009,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MDLZ. Mizuho Securities USA LLC increased 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 purchasing an additional 12,470,573 shares during the last quarter. Massachusetts Financial Services Co. MA raised 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 valued at $1,094,557,000 after buying an additional 4,794,746 shares in the last quarter. Capital Research Global Investors raised 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 valued at $2,274,792,000 after buying an additional 2,206,023 shares in the last quarter. Wulff Hansen & CO. grew its position in Mondelez International by 6,311.0% in the second quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company's stock worth $114,575,000 after acquiring an additional 1,723,537 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Mondelez International by 231.4% during the second 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 during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.9 %

Mondelez International stock traded up $0.55 during mid-day trading on Wednesday, reaching $64.42. 5,231,137 shares of the company were exchanged, compared to its average volume of 6,764,490. 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 firm has a market cap of $86.14 billion, a P/E ratio of 22.84, a PEG ratio of 2.91 and a beta of 0.55. The business has a fifty day moving average of $70.45 and a 200 day moving average of $69.42. Mondelez International, Inc. has a 12-month low of $63.40 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 earnings per share. Research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MDLZ shares. The Goldman Sachs Group started coverage on Mondelez International in a research note on Monday, August 12th. They issued a "buy" rating and a $80.00 price objective for the company. Bank of America lifted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. DA Davidson dropped their price target 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. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus raised their price target on Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $80.31.

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.