Mondelez International, Inc. $MDLZ Stock Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 41.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,216 shares of the company’s stock after purchasing an additional 8,501 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Mondelez International were worth $1,689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Miller Global Investments LLC bought a new stake in shares of Mondelez International during the third quarter valued at approximately $26,000. North Point Portfolio Managers Corp OH bought a new position in Mondelez International in the 3rd quarter worth approximately $28,000. Ballast Advisors LLC bought a new position in Mondelez International in the 1st quarter worth approximately $34,000. C M Bidwell & Associates Ltd. bought a new position in Mondelez International in the 2nd quarter worth approximately $35,000. Finally, Whipplewood Advisors LLC increased its position in Mondelez International by 35.5% in the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock valued at $37,000 after acquiring an additional 169 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

MDLZ opened at $61.87 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The firm has a market cap of $78.97 billion, a PE ratio of 22.75, a P/E/G ratio of 2.47 and a beta of 0.38. The business has a fifty day simple moving average of $61.81 and a 200-day simple moving average of $60.25. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $66.65.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%. The company had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. Mondelez International’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling at Mondelez International

In related news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total value of $8,559,806.40. Following the transaction, the chief executive officer owned 1,326,488 shares of the company’s stock, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by company insiders.

Analyst Ratings Changes

MDLZ has been the topic of several recent analyst reports. UBS Group lifted their target price on Mondelez International from $64.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Barclays boosted their price target on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. BTIG Research increased their price target on Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. HSBC lifted their price objective on shares of Mondelez International from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group restated a “buy” rating and set a $73.00 price objective (up from $70.00) on shares of Mondelez International in a research note on Wednesday, July 29th. Seventeen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.91.

Mondelez International Profile

Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.