Mondelez International, Inc. (NASDAQ:MDLZ) Position Raised by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,113,412 shares of the company’s stock after acquiring an additional 12,034 shares during the period. CIBC Asset Management Inc owned 0.08% of Mondelez International worth $81,950,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International in the 2nd quarter worth about $26,000. Lynx Investment Advisory bought a new position in Mondelez International in the 2nd quarter worth approximately $27,000. Richardson Financial Services Inc. increased its position in Mondelez International by 100.0% in 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 during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mondelez International during the 2nd quarter valued at $29,000. Finally, ESL Trust Services LLC acquired a new position in Mondelez International during the 1st quarter worth $38,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.7 %

NASDAQ MDLZ opened at $65.56 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 1-year low of $64.18 and a 1-year high of $77.20. The firm’s fifty day simple moving average is $71.52 and its 200-day simple moving average is $69.64. The company has a market capitalization of $87.67 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.98 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 the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. DA Davidson cut their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Piper Sandler boosted their price target 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. The Goldman Sachs Group began coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Barclays decreased their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

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.