Mondelez International, Inc. $MDLZ Stock: Ethic Inc. Raises Position

Ethic Inc. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 260,424 shares of the company’s stock after purchasing an additional 25,074 shares during the period. Ethic Inc.’s holdings in Mondelez International were worth $15,058,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. StoneX Group Inc. raised its position in Mondelez International by 13.4% during the third quarter. StoneX Group Inc. now owns 44,165 shares of the company’s stock worth $2,583,000 after acquiring an additional 5,208 shares during the period. Formidable Asset Management LLC lifted its holdings in Mondelez International by 3.8% during the third quarter. Formidable Asset Management LLC now owns 15,303 shares of the company’s stock valued at $885,000 after purchasing an additional 565 shares in the last quarter. Guidance Capital Inc. lifted its holdings in Mondelez International by 1.8% during the third quarter. Guidance Capital Inc. now owns 10,557 shares of the company’s stock valued at $610,000 after purchasing an additional 183 shares in the last quarter. Asset Dedication LLC grew its position in shares of Mondelez International by 9.6% in the third quarter. Asset Dedication LLC now owns 2,119 shares of the company’s stock valued at $123,000 after purchasing an additional 186 shares during the period. Finally, Plancorp LLC grew its position in shares of Mondelez International by 16.2% in the third quarter. Plancorp LLC now owns 4,773 shares of the company’s stock valued at $276,000 after purchasing an additional 666 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mondelez International

In other news, CEO Dirk Van de Put sold 20,899 shares of the stock in a transaction dated 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 directly owned 1,326,488 shares in the company, valued at $90,240,978.64. This represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 392,150 shares of company stock valued at $25,893,046 in the last ninety days. 0.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Mondelez International from $72.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $73.00 price target (up from $70.00) on shares of Mondelez International in a research note on Wednesday, July 29th. HSBC lifted their price objective on Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. BNP Paribas Exane boosted their price objective on Mondelez International from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a report on Friday, October 30th. Seventeen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $69.30.

Mondelez International Stock Down 1.2%

NASDAQ MDLZ opened at $66.02 on Friday. The business has a fifty day moving average price of $62.08 and a 200 day moving average price of $60.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.62. The company has a market cap of $84.26 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.63 and a beta of 0.34. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $68.75.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $9.98 billion. During the same quarter in the previous year, the company posted $0.73 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Research analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

About Mondelez International

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.