Worldquant Millennium Advisors LLC Buys 138,078 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Worldquant Millennium Advisors LLC boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 97.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 279,419 shares of the company's stock after acquiring an additional 138,078 shares during the period. Worldquant Millennium Advisors LLC's holdings in Mondelez International were worth $16,690,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Glass Jacobson Investment Advisors llc raised its position in Mondelez International by 6.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after acquiring an additional 168 shares during the period. First Horizon Advisors Inc. raised its position in Mondelez International by 1.8% in the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock worth $627,000 after acquiring an additional 181 shares during the period. Traphagen Investment Advisors LLC raised its position in Mondelez International by 0.8% in the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after acquiring an additional 187 shares during the period. Core Alternative Capital raised its position in Mondelez International by 1.7% in the fourth quarter. Core Alternative Capital now owns 11,448 shares of the company's stock worth $684,000 after acquiring an additional 187 shares during the period. Finally, Waldron Private Wealth LLC raised its position in Mondelez International by 1.0% in the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock worth $1,164,000 after acquiring an additional 191 shares during the period. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

Mondelez International stock opened at $65.87 on Wednesday. The firm's 50 day simple moving average is $66.19 and its 200 day simple moving average is $63.33. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $85.29 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Mondelez International's revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. As a group, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on MDLZ shares. Jefferies Financial Group lowered shares of Mondelez International from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Piper Sandler boosted their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Evercore ISI boosted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Finally, UBS Group boosted their price target on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $70.55.

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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