OMERS ADMINISTRATION Corp Raises Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

OMERS ADMINISTRATION Corp increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,763,945 shares of the company's stock after buying an additional 9,778 shares during the period. OMERS ADMINISTRATION Corp owned about 0.13% of Mondelez International worth $105,360,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its position in shares of Mondelez International by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 20,258 shares of the company's stock worth $1,210,000 after buying an additional 496 shares during the period. Czech National Bank raised its position in shares of Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock worth $17,318,000 after acquiring an additional 17,815 shares in the last quarter. Brookstone Capital Management raised its position in shares of Mondelez International by 45.9% in the 4th quarter. Brookstone Capital Management now owns 13,535 shares of the company's stock worth $808,000 after acquiring an additional 4,260 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in shares of Mondelez International by 3.4% in the 4th quarter. Capital Investment Advisors LLC now owns 14,080 shares of the company's stock valued at $841,000 after purchasing an additional 467 shares during the period. Finally, CHICAGO TRUST Co NA boosted its position in shares of Mondelez International by 11.8% during the 4th quarter. CHICAGO TRUST Co NA now owns 14,520 shares of the company's stock valued at $867,000 after purchasing an additional 1,527 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MDLZ. Mizuho boosted their price target on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Piper Sandler lifted 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 lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and dropped their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, Barclays boosted their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.18 during trading hours on Friday, hitting $65.32. 8,014,668 shares of the stock were exchanged, compared to its average volume of 7,976,422. The company has a market cap of $84.58 billion, a P/E ratio of 19.10, a P/E/G ratio of 4.34 and a beta of 0.50. The firm's fifty day moving average price is $66.20 and its 200 day moving average price is $63.44. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. 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 announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the prior year, the company earned $0.93 EPS. Mondelez International's revenue was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

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.