Trade Report: The Kelman Lazarov Inc. Continues to Hold Stake in Mondelez International Inc. (MDLZ)

The Kelman Lazarov Inc. Continues to Hold Stake in Mondelez International Inc. (MDLZ)

Kelman Lazarov Inc. held its position in shares of Mondelez International Inc. (NASDAQ:MDLZ) during the third quarter, Holdings Channel reports. The institutional investor owned 18,705 shares of the company’s stock at the end of the third quarter. Kelman Lazarov Inc.’s holdings in Mondelez International were worth $807,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Gofen & Glossberg LLC IL raised its stake in Mondelez International by 1.1% in the third quarter. Gofen & Glossberg LLC IL now owns 522,273 shares of the company’s stock worth $22,928,000 after buying an additional 5,869 shares during the last quarter. LGT Capital Partners LTD. raised its stake in Mondelez International by 11.7% in the third quarter. LGT Capital Partners LTD. now owns 400,880 shares of the company’s stock worth $17,599,000 after buying an additional 42,000 shares during the last quarter. Hills Bank & Trust Co. raised its stake in Mondelez International by 4.5% in the third quarter. Hills Bank & Trust Co. now owns 18,242 shares of the company’s stock worth $801,000 after buying an additional 787 shares during the last quarter. Searle & CO. raised its stake in Mondelez International by 151.9% in the third quarter. Searle & CO. now owns 12,301 shares of the company’s stock worth $531,000 after buying an additional 7,417 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in Mondelez International by 13.6% in the third quarter. Advisory Services Network LLC now owns 12,457 shares of the company’s stock worth $547,000 after buying an additional 1,488 shares during the last quarter. 75.46% of the stock is currently owned by institutional investors.

Mondelez International Inc. (NASDAQ:MDLZ) traded up 1.84% during mid-day trading on Friday, hitting $43.28. The company’s stock had a trading volume of 3,702,863 shares. The stock has a market cap of $66.84 billion, a P/E 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. The company’s 50 day moving average is $42.99 and its 200-day moving average is $43.71.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.09. Mondelez International had a return on equity of 10.88% and a net margin of 3.16%. The firm earned $6.40 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. On average, equities analysts predict that Mondelez International Inc. will post $1.95 EPS for the current fiscal year.

MDLZ has been the subject of a number of analyst reports. Susquehanna reissued a “buy” rating on shares of Mondelez International in a research report on Monday, August 8th. RBC Capital Markets reissued an “outperform” rating and issued a $54.00 price target on shares of Mondelez International in a research report on Wednesday, August 31st. Credit Suisse Group AG reissued 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. reissued an “overweight” rating and issued a $44.19 price target (up from $35.88) on shares of Mondelez International in a research report on Tuesday, September 6th. Finally, Zacks Investment Research raised Mondelez International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $47.21.

In related news, Director Trian Fund Management, L.P. sold 3,800,000 shares of the company’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $44.09, for a total transaction of $167,542,000.00. Following the completion of the sale, the director now owns 13,495 shares in the company, valued at $594,994.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lewis W. K. Booth acquired 2,500 shares of Mondelez International stock in a transaction that occurred on Friday, November 11th. The shares were purchased at an average price of $41.61 per share, with a total value of $104,025.00. The disclosure for this purchase can be found here. 3.90% of the stock is owned by 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.

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