Geode Capital Management LLC Has $1.94 Billion Stock Holdings in Mondelez International, Inc. $MDLZ

Geode Capital Management LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. 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 owned about 2.24% of Mondelez International worth $1,943,170,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on MDLZ. Wells Fargo & Company reduced their price target on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Evercore ISI dropped their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Stifel Nicolaus cut their target price on Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Wall Street Zen cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, DA Davidson lowered their price objective on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.37.

Mondelez International Stock Down 0.2%

Shares of MDLZ opened at $57.01 on Thursday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. The stock has a 50 day simple moving average of $61.02 and a two-hundred day simple moving average of $64.26. The firm has a market cap of $73.56 billion, a P/E ratio of 21.35, a P/E/G ratio of 5.34 and a beta of 0.42.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The company 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%. On average, 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.