National Pension Service Acquires 278,564 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

National Pension Service increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,687,922 shares of the company’s stock after acquiring an additional 278,564 shares during the period. National Pension Service owned about 0.20% of Mondelez International worth $198,019,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Axiom Advisory LLC boosted its position in Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after buying an additional 143 shares during the last quarter. Cadence Bank boosted its position in Mondelez International by 1.3% in the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock valued at $804,000 after buying an additional 148 shares during the last quarter. Evermay Wealth Management LLC boosted its position in Mondelez International by 2.6% in the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock valued at $409,000 after buying an additional 149 shares during the last quarter. Sachetta LLC boosted its position in Mondelez International by 14.0% in the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after buying an additional 149 shares during the last quarter. Finally, Carnegie Investment Counsel boosted its position in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after buying an additional 151 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $68.43 on Monday. The stock has a market capitalization of $91.41 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 2.97 and a beta of 0.55. The business has a 50-day moving average of $72.35 and a 200-day moving average of $69.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.50. Mondelez International, Inc. has a fifty-two week low of $64.18 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Bank of America increased their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Evercore ISI increased their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Barclays cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.31.

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.