Mondelez International, Inc. $MDLZ Shares Purchased by Ascent Group LLC

Ascent Group LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 31.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,786 shares of the company’s stock after acquiring an additional 7,599 shares during the period. Ascent Group LLC’s holdings in Mondelez International were worth $1,838,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 3Chopt Investment Partners LLC grew its stake in shares of Mondelez International by 15.0% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 14,693 shares of the company’s stock worth $857,000 after acquiring an additional 1,912 shares during the period. Compass Financial Management LLC lifted its stake in Mondelez International by 79.2% during the 3rd quarter. Compass Financial Management LLC now owns 491 shares of the company’s stock worth $28,000 after acquiring an additional 217 shares in the last quarter. Rakuten Investment Management Inc. raised its position in Mondelez International by 10.0% during the 3rd quarter. Rakuten Investment Management Inc. now owns 341,290 shares of the company’s stock worth $20,245,000 after buying an additional 31,163 shares during the last quarter. Provenance Wealth Advisors LLC increased its stake in Mondelez International by 43,818.2% during the third quarter. Provenance Wealth Advisors LLC now owns 4,831 shares of the company’s stock worth $279,000 after acquiring an additional 4,820 shares during the last quarter. Finally, Associated Banc Corp bought a new position in Mondelez International during the 3rd quarter worth $14,779,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of recent analyst reports. BNP Paribas Exane increased their price target on shares of Mondelez International from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research report on Friday, October 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mondelez International from $58.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Barclays lifted their price target on shares of Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, October 16th. Finally, BTIG Research lifted their price objective on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Seventeen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.30.

Insiders Place Their Bets

In other Mondelez International news, CEO Dirk Van de Put sold 20,899 shares of Mondelez International stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $68.03, for a total value of $1,421,758.97. Following the completion of the sale, the chief executive officer owned 1,326,488 shares of the company’s stock, valued at approximately $90,240,978.64. The trade was a 1.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 over the last 90 days. 0.45% of the stock is owned by corporate insiders.

Mondelez International Trading Down 1.2%

Shares of MDLZ stock opened at $66.02 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.62 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average price is $62.08 and its two-hundred day moving average price is $60.57. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $68.75. The stock has a market cap of $84.26 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 2.64 and a beta of 0.34.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.71 by $0.07. Mondelez International had a return on equity of 14.18% and a net margin of 10.22%. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.98 billion. During the same quarter in the prior year, the firm posted $0.73 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International 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.