Holocene Advisors LP Acquires New Shares in Mondelez International, Inc. (NASDAQ:MDLZ)

Holocene Advisors LP bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,169,440 shares of the company’s stock, valued at approximately $159,823,000. Holocene Advisors LP owned 0.16% of Mondelez International as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of Mondelez International in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International in the second quarter worth $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International during the second quarter worth $27,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International in the third quarter valued at $27,000. Finally, Richardson Financial Services Inc. boosted its holdings in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $64.95 on Monday. The company has a market cap of $86.85 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.93 and a beta of 0.55. The business has a fifty day simple moving average of $69.04 and a 200-day simple moving average of $69.10. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS 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%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent research reports. Evercore ISI upped their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Citigroup lowered their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Bank of America increased their price objective 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, The Goldman Sachs Group initiated coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average target price of $79.93.

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.