Dynamic Advisors Solutions LLC reduced its position in Mondelez International Inc. (NASDAQ:MDLZ) by 3.9% during the third quarter, Holdings Channel reports. The fund owned 7,349 shares of the company’s stock after selling 299 shares during the period. Dynamic Advisors Solutions LLC’s holdings in Mondelez International were worth $323,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Vanguard Group Inc. boosted its position in shares of Mondelez International by 1.1% in the second quarter. Vanguard Group Inc. now owns 91,285,945 shares of the company’s stock worth $4,154,422,000 after buying an additional 1,011,043 shares during the last quarter. FMR LLC boosted its position in shares of Mondelez International by 1.5% in the second quarter. FMR LLC now owns 27,803,139 shares of the company’s stock worth $1,265,321,000 after buying an additional 408,006 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Mondelez International by 0.8% in the second quarter. Macquarie Group Ltd. now owns 16,256,406 shares of the company’s stock worth $739,829,000 after buying an additional 128,759 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Mondelez International by 0.9% in the second quarter. BlackRock Group LTD now owns 14,136,592 shares of the company’s stock worth $643,356,000 after buying an additional 122,586 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Mondelez International by 9.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,311,751 shares of the company’s stock worth $560,308,000 after buying an additional 1,034,633 shares during the last quarter. Institutional investors own 75.46% of the company’s stock.
Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded up 1.84% during trading on Friday, reaching $43.28. The company’s stock had a trading volume of 3,702,863 shares. The stock’s 50 day moving average price is $42.99 and its 200-day moving average price is $43.71. The stock has a market cap of $66.84 billion, a price-to-earnings ratio of 82.60 and a beta of 1.11. Mondelez International Inc. has a 52-week low of $35.88 and a 52-week high of $46.40.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.09. The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a return on equity of 10.88% and a net margin of 3.16%. The business’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. Equities analysts anticipate that Mondelez International Inc. will post $1.95 EPS for the current year.
A number of research analysts recently commented on MDLZ shares. Credit Suisse Group AG restated a “buy” rating and issued a $51.00 price target on shares of Mondelez International in a research report on Thursday, September 1st. JPMorgan Chase & Co. restated an “overweight” rating and issued a $44.19 price target (up previously from $35.88) on shares of Mondelez International in a research report on Tuesday, September 6th. Susquehanna reiterated a “buy” rating on shares of Mondelez International in a research report on Monday, August 8th. Zacks Investment Research upgraded Mondelez International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 26th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $54.00 target price on shares of Mondelez International in a research report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $47.21.
In related news, Director Trian Fund Management, L.P. sold 3,800,000 shares of the business’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $44.09, for a total value of $167,542,000.00. Following the sale, the director now directly owns 13,495 shares in the company, valued at $594,994.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lewis W. K. Booth bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was purchased at an average price of $41.61 per share, for a total transaction of $104,025.00. The disclosure for this purchase can be found here. 3.90% of the stock is owned by corporate insiders.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.