Mondelez International, Inc. $MDLZ Stock: Jefferies Financial Group Inc. Reduces Position

Jefferies Financial Group Inc. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,016 shares of the company’s stock after selling 32,388 shares during the period. Jefferies Financial Group Inc.’s holdings in Mondelez International were worth $18,966,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Machina Capital S.A.S. bought a new position in shares of Mondelez International in the third quarter valued at approximately $919,000. Illinois Municipal Retirement Fund grew its stake in Mondelez International by 38.1% during the third quarter. Illinois Municipal Retirement Fund now owns 86,778 shares of the company’s stock valued at $5,018,000 after acquiring an additional 23,960 shares in the last quarter. AMG National Trust Bank increased its holdings in Mondelez International by 4.7% during the 3rd quarter. AMG National Trust Bank now owns 4,355 shares of the company’s stock worth $252,000 after acquiring an additional 195 shares during the period. Moneco Advisors LLC increased its holdings in Mondelez International by 3.5% during the 3rd quarter. Moneco Advisors LLC now owns 6,406 shares of the company’s stock worth $370,000 after acquiring an additional 217 shares during the period. Finally, Mesirow Financial Investment Management Inc. increased its holdings in Mondelez International by 2.9% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 18,910 shares of the company’s stock worth $1,093,000 after acquiring an additional 533 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mondelez International

In other news, CEO Dirk Van de Put sold 20,899 shares of the stock in a transaction 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 transaction, the chief executive officer owned 1,326,488 shares of the company’s stock, valued at $90,240,978.64. This represents a 1.55% decrease in their position. 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 worth $25,893,046 in the last three months. Insiders own 0.45% of the company’s stock.

Mondelez International Stock Up 0.2%

Shares of NASDAQ MDLZ opened at $66.70 on Thursday. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $68.75. The company has a current ratio of 0.62, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $84.43 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.65 and a beta of 0.34. The business has a 50-day moving average of $62.35 and a 200-day moving average of $60.70.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.07. The company had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.98 billion. Mondelez International had a net margin of 10.22% and a return on equity of 14.18%. Mondelez International’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 earnings per share. Sell-side analysts expect that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDLZ has been the topic of several recent analyst reports. Stifel Nicolaus set a $74.00 target price on shares of Mondelez International in a research note on Friday, October 30th. UBS Group restated a “neutral” rating and set a $72.00 price target on shares of Mondelez International in a research report on Monday, November 2nd. BTIG Research upped their price target on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. TD Cowen upped their price target on shares of Mondelez International from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $66.00 price objective on shares of Mondelez International in a research report on Monday, October 26th. Seventeen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $69.30.

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.