Keybank National Association OH Sells 21,209 Shares of Mondelez International, Inc. $MDLZ

Keybank National Association OH trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,624 shares of the company’s stock after selling 21,209 shares during the quarter. Keybank National Association OH’s holdings in Mondelez International were worth $10,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Elevated Capital Advisors LLC lifted its stake in shares of Mondelez International by 309.6% in the 3rd quarter. Elevated Capital Advisors LLC now owns 811 shares of the company’s stock worth $47,000 after purchasing an additional 613 shares during the period. Gables Capital Management Inc. boosted its holdings in shares of Mondelez International by 20.0% in the third quarter. Gables Capital Management Inc. now owns 11,985 shares of the company’s stock worth $693,000 after buying an additional 2,000 shares during the last quarter. D Orazio & Associates Inc. purchased a new position in shares of Mondelez International in the third quarter worth approximately $214,000. Retirement Systems of Alabama grew its position in Mondelez International by 7.9% during the third quarter. Retirement Systems of Alabama now owns 938,958 shares of the company’s stock valued at $54,291,000 after buying an additional 68,488 shares during the period. Finally, Joseph Group Capital Management grew its position in Mondelez International by 25.5% during the third quarter. Joseph Group Capital Management now owns 787 shares of the company’s stock valued at $46,000 after buying an additional 160 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Down 0.2%

MDLZ stock opened at $66.56 on Friday. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $68.75. 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 stock has a market cap of $84.25 billion, a P/E ratio of 21.00, a PEG ratio of 2.65 and a beta of 0.34. The business’s 50-day moving average price is $62.43 and its 200-day moving average price is $60.74.

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

Analyst Ratings Changes

A number of analysts have commented on the stock. HSBC upped their target price on shares of Mondelez International from $71.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and set a $72.00 price target on shares of Mondelez International in a research note on Monday, November 2nd. Jefferies Financial Group reissued a “buy” rating and set a $73.00 price objective (up from $70.00) on shares of Mondelez International in a research report on Wednesday, July 29th. Stifel Nicolaus set a $74.00 price objective on shares of Mondelez International in a research report on Friday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research note on Friday, October 30th. Seventeen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average target price of $69.30.

Insider Buying and Selling

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 transaction 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. The trade was a 1.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, 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 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.