Mondelez International, Inc. $MDLZ Stock: Commonwealth Equity Services LLC Cuts Holdings

Commonwealth Equity Services LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.0% during the third quarter, Holdings Channel.com reports. The fund owned 291,316 shares of the company’s stock after selling 39,783 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Mondelez International were worth $16,844,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Deutsche Bank AG boosted its stake in shares of Mondelez International by 1.1% during the 2nd quarter. Deutsche Bank AG now owns 13,016,006 shares of the company’s stock worth $752,846,000 after acquiring an additional 140,351 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mondelez International by 10.8% in the first quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company’s stock worth $543,900,000 after purchasing an additional 916,235 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Mondelez International by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 8,458,056 shares of the company’s stock valued at $487,522,000 after buying an additional 106,636 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Mondelez International by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,777,181 shares of the company’s stock worth $218,472,000 after acquiring an additional 25,926 shares in the last quarter. Finally, Swiss National Bank grew its stake in Mondelez International by 6.8% in the first quarter. Swiss National Bank now owns 3,786,924 shares of the company’s stock valued at $218,278,000 after purchasing an additional 241,100 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mondelez International

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the completion of the transaction, the chief executive officer owned 1,326,488 shares in the company, valued at $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 392,150 shares of company stock worth $25,893,046. 0.45% of the stock is currently owned by company insiders.

Mondelez International Stock Up 0.2%

MDLZ stock opened at $66.54 on Wednesday. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $68.75. The company has a market cap of $84.23 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.64 and a beta of 0.34. The business’s 50-day simple moving average is $62.25 and its 200 day simple moving average is $60.66. The company has a quick ratio of 0.42, a current ratio of 0.62 and a debt-to-equity ratio of 0.61.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $75.00 price target on shares of Mondelez International in a research note on Friday, October 30th. UBS Group reissued a “neutral” rating and issued a $72.00 price target on shares of Mondelez International in a research report on Monday, November 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 target price (up from $70.00) on shares of Mondelez International in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft upped 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. Finally, HSBC boosted their price objective on Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.30.

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.