Mondelez International, Inc. $MDLZ Shares Newly Acquired by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,313 shares of the company’s stock, valued at approximately $712,000.

Other hedge funds have also modified their holdings of the company. Baird Financial Group Inc. lifted its holdings in shares of Mondelez International by 5.1% during the 2nd quarter. Baird Financial Group Inc. now owns 354,894 shares of the company’s stock valued at $20,527,000 after purchasing an additional 17,248 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Mondelez International by 10.1% in the 1st quarter. First Trust Advisors LP now owns 1,131,640 shares of the company’s stock worth $65,228,000 after purchasing an additional 103,778 shares in the last quarter. Ethic Inc. boosted its position in shares of Mondelez International by 21.5% in the 2nd quarter. Ethic Inc. now owns 235,350 shares of the company’s stock worth $13,613,000 after purchasing an additional 41,601 shares in the last quarter. National Pension Service boosted its position in shares of Mondelez International by 1.8% in the 2nd quarter. National Pension Service now owns 3,464,597 shares of the company’s stock worth $200,392,000 after purchasing an additional 60,973 shares in the last quarter. Finally, Amundi grew its stake in Mondelez International by 18.0% during the 1st quarter. Amundi now owns 3,243,030 shares of the company’s stock worth $186,928,000 after buying an additional 494,996 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.2%

Shares of Mondelez International stock opened at $66.54 on Wednesday. The firm’s 50 day simple moving average is $62.25 and its two-hundred day simple moving average is $60.66. The firm has a market capitalization of $84.23 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.64 and a beta of 0.34. 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.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MDLZ. Freedom Broker upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Friday, October 30th. Stifel Nicolaus set a $74.00 price target on Mondelez International in a research note on Friday, October 30th. BTIG Research raised their price target on Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a report on Friday, October 30th. Finally, Barclays boosted their price target on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.30.

Insider Activity

In related news, CEO Dirk Van de Put sold 133,580 shares of the firm’s stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 392,150 shares of company stock valued at $25,893,046. 0.45% of the stock is owned by corporate insiders.

About Mondelez International

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.