National Bank of Canada FI Buys 334,561 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

National Bank of Canada FI increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 29.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,474,364 shares of the company’s stock after buying an additional 334,561 shares during the period. National Bank of Canada FI owned 0.11% of Mondelez International worth $108,866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Raymond James Financial Services Advisors Inc. increased its stake in shares of Mondelez International by 2.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 320,779 shares of the company’s stock valued at $22,262,000 after buying an additional 8,942 shares during the period. J.W. Cole Advisors Inc. grew its holdings in Mondelez International by 5.7% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 8,694 shares of the company’s stock worth $603,000 after acquiring an additional 468 shares in the last quarter. Brown Advisory Inc. increased its position in Mondelez International by 1.1% during the 3rd quarter. Brown Advisory Inc. now owns 199,365 shares of the company’s stock valued at $13,836,000 after purchasing an additional 2,076 shares during the period. Sage Mountain Advisors LLC raised its holdings in shares of Mondelez International by 6.2% in the 3rd quarter. Sage Mountain Advisors LLC now owns 3,335 shares of the company’s stock valued at $231,000 after purchasing an additional 194 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of Mondelez International by 19.9% in the 3rd quarter. Lindbrook Capital LLC now owns 8,011 shares of the company’s stock valued at $556,000 after purchasing an additional 1,328 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Sanford C. Bernstein lifted their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stifel Nicolaus raised their target price on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.75.

Mondelez International Stock Performance

NASDAQ MDLZ traded down $0.61 during mid-day trading on Friday, reaching $69.89. 8,093,601 shares of the stock were exchanged, compared to its average volume of 9,882,163. The company has a market capitalization of $94.11 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.77. The business’s 50 day moving average is $70.21 and its 200-day moving average is $71.01. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $78.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same period in the prior year, the company posted $0.89 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

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.