Bank of Nova Scotia Buys 24,405 Shares of Mondelez International, Inc. $MDLZ

Bank of Nova Scotia grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 166,353 shares of the company’s stock after buying an additional 24,405 shares during the period. Bank of Nova Scotia’s holdings in Mondelez International were worth $11,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. AlphaStar Capital Management LLC acquired a new stake in shares of Mondelez International during the 2nd quarter valued at about $1,336,000. GAMMA Investing LLC lifted its stake in Mondelez International by 43.2% during the second quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock worth $1,769,000 after purchasing an additional 7,914 shares during the period. Ground Swell Capital LLC bought a new position in Mondelez International during the first quarter worth about $392,000. Banque Transatlantique SA boosted its holdings in Mondelez International by 294.5% during the first quarter. Banque Transatlantique SA now owns 12,657 shares of the company’s stock valued at $794,000 after purchasing an additional 9,449 shares in the last quarter. Finally, Huntington National Bank grew its stake in shares of Mondelez International by 9.3% in the 2nd quarter. Huntington National Bank now owns 248,373 shares of the company’s stock valued at $16,750,000 after purchasing an additional 21,113 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MDLZ shares. Piper Sandler cut their target price on Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, October 2nd. JPMorgan Chase & Co. cut their price objective on Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Barclays reduced their target price on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Bank of America lowered their target price on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.32.

Mondelez International Price Performance

Shares of MDLZ stock opened at $53.89 on Thursday. Mondelez International, Inc. has a 52 week low of $53.13 and a 52 week high of $71.15. The stock has a market capitalization of $69.54 billion, a PE ratio of 20.18 and a beta of 0.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. The stock’s fifty day moving average is $58.36 and its 200-day moving average is $62.84.

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