Raiffeisen Bank International AG Invests $1.12 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

Raiffeisen Bank International AG bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,875 shares of the company's stock, valued at approximately $1,124,000.

A number of other institutional investors have also recently added to or reduced their stakes in MDLZ. ProShare Advisors LLC boosted its stake in shares of Mondelez International by 20.1% during the 4th quarter. ProShare Advisors LLC now owns 1,708,072 shares of the company's stock valued at $102,023,000 after buying an additional 285,842 shares during the last quarter. Mufg Securities Americas Inc. bought a new stake in Mondelez International in the 4th quarter valued at about $1,179,000. Nissay Asset Management Corp Japan ADV raised its stake in Mondelez International by 4.5% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 299,217 shares of the company's stock valued at $18,016,000 after acquiring an additional 12,813 shares in the last quarter. NorthRock Partners LLC lifted its holdings in Mondelez International by 162.9% in the fourth quarter. NorthRock Partners LLC now owns 547,701 shares of the company's stock worth $32,714,000 after purchasing an additional 339,337 shares during the period. Finally, Northeast Financial Consultants Inc boosted its holdings in shares of Mondelez International by 2.2% in the fourth quarter. Northeast Financial Consultants Inc now owns 23,602 shares of the company's stock valued at $1,410,000 after acquiring an additional 504 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MDLZ. Morgan Stanley boosted their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Mizuho boosted their target price on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Finally, Piper Sandler boosted their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. One 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, the company currently has an average rating of "Moderate Buy" and an average price target of $70.55.

Mondelez International Stock Performance

MDLZ stock traded up $0.40 during midday trading on Monday, hitting $65.72. The stock had a trading volume of 6,356,173 shares, compared to its average volume of 7,978,534. 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. The stock has a 50-day simple moving average of $66.17 and a 200 day simple moving average of $63.31. The firm has a market capitalization of $85.10 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its 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 net margin of 12.68% and a return on equity of 16.75%. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same period in the previous year, the business earned $0.93 EPS. The firm's revenue was up .2% on a year-over-year basis. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current 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.