Healthcare of Ontario Pension Plan Trust Fund Has $21.25 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 134.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 288,432 shares of the company’s stock after acquiring an additional 165,285 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Mondelez International were worth $21,249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Hardy Reed LLC increased its position in Mondelez International by 1.4% during the 3rd quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock worth $848,000 after purchasing an additional 161 shares in the last quarter. Townsquare Capital LLC grew its stake in shares of Mondelez International by 213.9% during the third quarter. Townsquare Capital LLC now owns 92,279 shares of the company’s stock worth $6,798,000 after buying an additional 62,877 shares during the last quarter. Cadence Bank increased its holdings in shares of Mondelez International by 4.1% during the third quarter. Cadence Bank now owns 11,799 shares of the company’s stock worth $869,000 after buying an additional 461 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its stake in shares of Mondelez International by 8.9% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 14,049 shares of the company’s stock valued at $1,035,000 after acquiring an additional 1,154 shares during the last quarter. Finally, Avestar Capital LLC boosted its holdings in shares of Mondelez International by 15.1% during the 3rd quarter. Avestar Capital LLC now owns 8,622 shares of the company’s stock valued at $635,000 after acquiring an additional 1,129 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus upped their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company lowered their price objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Piper Sandler lifted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Evercore ISI upped their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Citigroup dropped their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.93.

Mondelez International Stock Performance

MDLZ stock opened at $65.06 on Friday. Mondelez International, Inc. has a 1-year low of $63.40 and a 1-year high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average price of $69.23 and a 200-day moving average price of $69.19. The firm has a market cap of $87.00 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Company Profile

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.