Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 43,897 shares of the company’s stock after acquiring an additional 3,373 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Mondelez International were worth $3,234,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MDLZ. Richardson Financial Services Inc. lifted its holdings in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International during the second quarter worth about $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International in the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Mondelez International in the second quarter valued at about $29,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 1.6 %

Shares of NASDAQ MDLZ opened at $64.49 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average price is $71.33 and its two-hundred day moving average price is $69.62. Mondelez International, Inc. has a 52-week low of $63.91 and a 52-week high of $77.20. The stock has a market capitalization of $86.24 billion, a P/E ratio of 22.87, a PEG ratio of 2.98 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of analyst reports. Redburn Atlantic assumed coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Evercore ISI upped their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. raised their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Piper Sandler boosted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Citigroup decreased their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International 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.