Tidal Investments LLC Grows Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Tidal Investments LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 129.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,378 shares of the company’s stock after acquiring an additional 126,495 shares during the period. Tidal Investments LLC’s holdings in Mondelez International were worth $13,402,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MDLZ. Norges Bank purchased a new stake in shares of Mondelez International in the fourth quarter worth $1,118,755,000. Capital Research Global Investors grew its stake in shares of Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mondelez International in the fourth quarter worth $256,832,000. Van ECK Associates Corp grew its stake in shares of Mondelez International by 2,560.0% in the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after acquiring an additional 3,282,937 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Mondelez International by 17.1% in the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock worth $820,337,000 after acquiring an additional 2,002,640 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.3%

MDLZ stock opened at $65.32 on Monday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The business’s 50-day moving average is $66.15 and its two-hundred day moving average is $63.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a market cap of $84.58 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter last year, the company earned $0.93 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on MDLZ. Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Wells Fargo & Company increased their price objective on Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 2nd. Morgan Stanley increased their price objective on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Piper Sandler increased their price objective on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. Finally, Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $70.55.

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.