National Pension Service Has $276.95 Million Stake in Mondelez International, Inc. $MDLZ

National Pension Service grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 32.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,106,551 shares of the company’s stock after purchasing an additional 998,953 shares during the quarter. National Pension Service’s holdings in Mondelez International were worth $276,946,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after acquiring an additional 13,755,181 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Mondelez International in the 1st quarter valued at $866,843,000. Goldman Sachs Group Inc. increased its stake in shares of Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after purchasing an additional 3,454,174 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Mondelez International by 148.6% during the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after buying an additional 1,775,570 shares in the last quarter. Finally, Hamlin Capital Management LLC bought a new stake in shares of Mondelez International during the 1st quarter worth $64,152,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ stock opened at $57.12 on Wednesday. The firm has a market cap of $73.91 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $61.11 and a 200-day moving average price of $64.31. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results 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 net margin of 9.38% and a return on equity of 14.16%. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MDLZ shares. Bank of America dropped their target price on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. UBS Group cut their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. DA Davidson lowered their price target on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Monday. Finally, Zacks Research cut Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.37.

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.