Mondelez International, Inc. $MDLZ Stock: Candriam S.C.A. Trims Holdings

Candriam S.C.A. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 32.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,024 shares of the company’s stock after selling 77,070 shares during the period. Candriam S.C.A.’s holdings in Mondelez International were worth $9,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ethic Inc. increased its holdings in shares of Mondelez International by 10.7% during the third quarter. Ethic Inc. now owns 260,424 shares of the company’s stock worth $15,058,000 after buying an additional 25,074 shares in the last quarter. StoneX Group Inc. lifted its stake in shares of Mondelez International by 13.4% in the 3rd quarter. StoneX Group Inc. now owns 44,165 shares of the company’s stock valued at $2,583,000 after acquiring an additional 5,208 shares during the last quarter. Formidable Asset Management LLC lifted its stake in shares of Mondelez International by 3.8% in the 3rd quarter. Formidable Asset Management LLC now owns 15,303 shares of the company’s stock valued at $885,000 after acquiring an additional 565 shares during the last quarter. Guidance Capital Inc. lifted its stake in shares of Mondelez International by 1.8% in the 3rd quarter. Guidance Capital Inc. now owns 10,557 shares of the company’s stock valued at $610,000 after acquiring an additional 183 shares during the last quarter. Finally, Asset Dedication LLC boosted its holdings in shares of Mondelez International by 9.6% during the 3rd quarter. Asset Dedication LLC now owns 2,119 shares of the company’s stock valued at $123,000 after acquiring an additional 186 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MDLZ shares. JPMorgan Chase & Co. reduced their price objective on Mondelez International from $72.00 to $71.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Friday, October 30th. Stifel Nicolaus set a $74.00 target price on Mondelez International in a research report on Friday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Mondelez International from $58.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company boosted their price target on Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Seventeen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.30.

Mondelez International Trading Up 0.6%

Shares of NASDAQ MDLZ opened at $66.44 on Tuesday. The firm has a 50 day moving average price of $62.16 and a two-hundred day moving average price of $60.62. The stock has a market cap of $84.80 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 2.68 and a beta of 0.34. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $68.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.07. Mondelez International had a net margin of 10.22% and a return on equity of 14.18%. The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.98 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. Mondelez International’s revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.06 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Dirk Van de Put sold 20,899 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $68.03, for a total transaction of $1,421,758.97. Following the completion of the transaction, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at $90,240,978.64. This trade represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 392,150 shares of company stock valued at $25,893,046 in the last three months. Corporate insiders own 0.45% of the company’s stock.

Mondelez International Company Profile

Mondelez International, Inc is a global snacking company that makes and markets biscuits, chocolate, candy, gum and other snack products. Its brands include Oreo, Ritz, LU, belVita, Cadbury, Milka, Toblerone and Sour Patch Kids.

The company sells its products in countries around the world, with a particularly strong presence in Europe and emerging markets. Mondelez was created in 2012 when Kraft Foods separated its international snacks business from its North American grocery business.

Dirk Van de Put has served as Mondelez’s chairman and chief executive officer since 2017.