Mondelez International, Inc. $MDLZ Position Increased by Calamos Advisors LLC

Calamos Advisors LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 408,080 shares of the company’s stock after purchasing an additional 8,256 shares during the period. Calamos Advisors LLC’s holdings in Mondelez International were worth $23,595,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Deutsche Bank AG boosted its stake in shares of Mondelez International by 1.1% during the second quarter. Deutsche Bank AG now owns 13,016,006 shares of the company’s stock worth $752,846,000 after buying an additional 140,351 shares during the period. Dimensional Fund Advisors LP raised its stake in Mondelez International by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company’s stock valued at $543,900,000 after acquiring an additional 916,235 shares during the last quarter. Bank of New York Mellon Corp raised its stake in 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 acquiring an additional 106,636 shares during the last quarter. Swiss National Bank lifted its position in Mondelez International by 6.8% during the 1st quarter. Swiss National Bank now owns 3,786,924 shares of the company’s stock worth $218,278,000 after acquiring an additional 241,100 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Mondelez International by 0.7% during the 2nd 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 during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Mondelez International from $58.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $75.00 price target on shares of Mondelez International in a report on Friday, October 30th. 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. Freedom Broker upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Friday, October 30th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Mondelez International from $72.00 to $71.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.30.

Insider Buying and Selling at Mondelez International

In other news, CEO Dirk Van de Put sold 133,580 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at $85,001,351.04. This represents a 9.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 392,150 shares of company stock worth $25,893,046. Corporate insiders own 0.45% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ traded down $0.80 during mid-day trading on Friday, hitting $66.02. The company’s stock had a trading volume of 7,214,999 shares, compared to its average volume of 7,747,176. The company has a current ratio of 0.62, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $68.75. The firm has a market capitalization of $84.26 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.64 and a beta of 0.34. The firm has a 50-day simple moving average of $62.08 and a 200 day simple moving average of $60.57.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data 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 return on equity of 14.18% and a net margin of 10.22%. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.98 billion. During the same quarter in the prior year, the business posted $0.73 earnings per share. Mondelez International’s revenue was up 2.3% compared to the same quarter last year. Analysts predict that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

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.