Occudo Quantitative Strategies LP bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 97,991 shares of the company's stock, valued at approximately $5,853,000. Mondelez International accounts for approximately 1.1% of Occudo Quantitative Strategies LP's investment portfolio, making the stock its 2nd biggest holding.
Several other hedge funds have also added to or reduced their stakes in the business. Marshall Investment Management LLC bought a new position in Mondelez International in the 4th quarter worth $26,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at $27,000. Transce3nd LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth about $31,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Mondelez International in the 4th quarter worth about $32,000. 78.32% of the stock is owned by institutional investors.
Mondelez International Stock Performance
Shares of NASDAQ MDLZ traded up $0.18 during midday trading on Friday, reaching $65.32. 8,014,668 shares of the company were exchanged, compared to its average volume of 7,976,422. The stock has a market cap of $84.58 billion, a P/E ratio of 19.10, a PEG 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. The stock has a fifty day simple moving average of $66.20 and a 200 day simple moving average of $63.44. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.
Analysts Set New Price Targets
MDLZ has been the topic of several recent research reports. DZ Bank downgraded Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. The Goldman Sachs Group cut their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Piper Sandler upped their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Finally, Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $70.55.
Check Out Our Latest Research Report on MDLZ
Mondelez International Profile
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Free Report)
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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