Meeder Advisory Services Inc. Has $2.18 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Meeder Advisory Services Inc. lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,614 shares of the company’s stock after selling 479 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Mondelez International were worth $2,182,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MDLZ. Mizuho Securities USA LLC increased its position in Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Mondelez International by 40.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after acquiring an additional 4,794,746 shares during the last quarter. Capital Research Global Investors boosted its stake in Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after acquiring an additional 2,206,023 shares during the last quarter. Wulff Hansen & CO. lifted its stake in Mondelez International by 6,311.0% in the second quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock valued at $114,575,000 after buying an additional 1,723,537 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Mondelez International by 231.4% in the second quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock valued at $118,101,000 after buying an additional 1,260,124 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MDLZ shares. JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. DA Davidson lowered their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Finally, Piper Sandler boosted their target price 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. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Trading Down 0.3 %

MDLZ opened at $64.27 on Monday. Mondelez International, Inc. has a twelve month low of $63.91 and a twelve month high of $77.20. The company has a 50-day simple moving average of $71.11 and a 200 day simple moving average of $69.54. 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 has a market capitalization of $85.94 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 2.91 and a beta of 0.55.

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

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.