MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 28,061 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 998,978 shares of the company's stock after acquiring an additional 28,061 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of Mondelez International worth $59,669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MDLZ. Vanguard Group Inc. grew its position in shares of Mondelez International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after buying an additional 931,776 shares during the period. Capital Research Global Investors grew its position in shares of Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after buying an additional 4,572,555 shares during the period. Geode Capital Management LLC grew its position in shares of Mondelez International by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after buying an additional 708,523 shares during the period. Ameriprise Financial Inc. grew its position in shares of Mondelez International by 5.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after buying an additional 975,929 shares during the period. Finally, Norges Bank acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $1,118,755,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 0.3%

Shares of NASDAQ:MDLZ traded up $0.18 during midday trading on Friday, reaching $65.32. The company had a trading volume of 8,014,668 shares, compared to its average volume of 7,976,422. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business's 50 day moving average price is $66.20 and its 200 day moving average price is $63.44. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock has a market cap of $84.58 billion, a PE ratio of 19.10, a P/E/G ratio of 4.34 and a beta of 0.50.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MDLZ. Piper Sandler boosted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. UBS Group boosted their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Evercore ISI boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, 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 research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $70.55.

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.