Unigestion Holding SA Buys 98,365 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Unigestion Holding SA boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2,625.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,112 shares of the company's stock after purchasing an additional 98,365 shares during the quarter. Unigestion Holding SA's holdings in Mondelez International were worth $7,523,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MDLZ. Sequoia Financial Advisors LLC increased its holdings in shares of Mondelez International by 10.4% during the second quarter. Sequoia Financial Advisors LLC now owns 24,796 shares of the company's stock valued at $1,623,000 after acquiring an additional 2,335 shares in the last quarter. Diversified Trust Co boosted its holdings in Mondelez International by 13.2% in the second quarter. Diversified Trust Co now owns 23,022 shares of the company's stock valued at $1,507,000 after purchasing an additional 2,690 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Mondelez International by 14.7% during the 2nd quarter. V Square Quantitative Management LLC now owns 3,229 shares of the company's stock worth $211,000 after acquiring an additional 413 shares in the last quarter. ORG Partners LLC purchased a new position in Mondelez International during the 2nd quarter worth approximately $142,000. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Mondelez International by 1.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 281,431 shares of the company's stock worth $18,417,000 after buying an additional 5,350 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Piper Sandler upped their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Citigroup decreased their price objective on shares of Mondelez International from $80.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Stifel Nicolaus increased their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a report on Friday, October 25th. Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Finally, Wells Fargo & Company dropped their price objective on Mondelez International from $78.00 to $74.00 and set an "overweight" rating for the company in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $79.64.

Mondelez International Stock Performance

Shares of MDLZ stock traded up $1.37 during mid-day trading on Wednesday, reaching $63.12. The stock had a trading volume of 12,900,681 shares, compared to its average volume of 6,905,494. Mondelez International, Inc. has a one year low of $60.33 and a one year high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm's 50 day simple moving average is $67.54 and its 200 day simple moving average is $68.76. The firm has a market cap of $84.40 billion, a PE ratio of 22.66, a P/E/G ratio of 2.84 and a beta of 0.53.

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, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International's revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 EPS. On average, analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

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.