Geode Capital Management LLC Purchases 242,695 Shares of Mondelez International, Inc. $MDLZ

Geode Capital Management LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 28,951,049 shares of the company’s stock after acquiring an additional 242,695 shares during the quarter. Geode Capital Management LLC’s holdings in Mondelez International were worth $1,943,170,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Rossby Financial LCC boosted its holdings in shares of Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares during the period. Aspect Partners LLC raised its position in Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares during the last quarter. Financial Connections Group Inc. purchased a new stake in Mondelez International in the 2nd quarter worth approximately $33,000. Saudi Central Bank purchased a new position in shares of Mondelez International during the first quarter valued at approximately $36,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Mondelez International by 37.2% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after buying an additional 163 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MDLZ. Wells Fargo & Company cut their price target on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Morgan Stanley reduced their price target on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Mizuho decreased their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. Stifel Nicolaus dropped their target price on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada decreased their price target on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.37.

Mondelez International Trading Down 0.2%

NASDAQ:MDLZ opened at $57.01 on Thursday. The stock has a market cap of $73.56 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 5.34 and a beta of 0.42. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average price is $61.02 and its 200-day moving average price is $64.26. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share 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.