USS Investment Management Ltd Boosts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

USS Investment Management Ltd increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 398,462 shares of the company's stock after purchasing an additional 26,059 shares during the period. USS Investment Management Ltd's holdings in Mondelez International were worth $23,804,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MDLZ. Marshall Investment Management LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $26,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International during the 4th quarter valued at $27,000. Transce3nd LLC acquired a new position in shares of Mondelez International during the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International during the 4th quarter worth $31,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Mondelez International in the 4th quarter worth about $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. The Goldman Sachs Group cut their price target on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. Piper Sandler boosted their target price on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. Finally, DZ Bank cut shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective for the company. in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $65.72 on Tuesday. The business has a 50 day moving average price of $66.17 and a 200-day moving average price of $63.31. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm has a market cap of $85.10 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same period last year, the company earned $0.93 earnings per share. The company's revenue was up .2% on a year-over-year basis. Equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share 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.

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