Strs Ohio Raises Stake in Mondelez International, Inc. $MDLZ

Strs Ohio raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 429,884 shares of the company’s stock after purchasing an additional 16,556 shares during the quarter. Strs Ohio’s holdings in Mondelez International were worth $28,991,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in shares of Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new position in Mondelez International in the 1st quarter worth approximately $866,843,000. Goldman Sachs Group Inc. grew its holdings in Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after buying an additional 3,454,174 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Mondelez International by 148.6% during the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock valued at $201,549,000 after buying an additional 1,775,570 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in shares of Mondelez International by 659.9% during the first quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company’s stock valued at $101,988,000 after buying an additional 1,305,332 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.1%

Shares of NASDAQ MDLZ opened at $57.78 on Friday. The business’s 50 day moving average is $61.95 and its two-hundred day moving average is $64.93. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.15. The stock has a market capitalization of $74.76 billion, a P/E ratio of 21.64, a PEG ratio of 5.34 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The company had revenue of $7.30 billion for the quarter. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MDLZ shares. Piper Sandler reduced their price objective on shares of Mondelez International from $67.00 to $63.00 and set a “neutral” rating on the stock in a research report on Wednesday. Sanford C. Bernstein reduced their price objective on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday. Barclays reduced their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company reduced their price objective on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.68.

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.