The Mondelez International Inc. (MDLZ) Stake Held by Hilton Capital Management LLC

The Mondelez International Inc. (MDLZ) Stake Held by Hilton Capital Management LLC

Hilton Capital Management LLC continued to hold its position in shares of Mondelez International Inc. (NASDAQ:MDLZ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,217 shares of the company’s stock at the end of the third quarter. Hilton Capital Management LLC’s holdings in Mondelez International were worth $668,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BlueMountain Capital Management LLC purchased a new stake in shares of Mondelez International during the second quarter worth about $118,000. Bellwether Investment Group LLC purchased a new stake in shares of Mondelez International during the second quarter worth about $129,000. Pinkerton Retirement Specialists LLC raised its stake in shares of Mondelez International by 11,676.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,944 shares of the company’s stock worth $134,000 after buying an additional 2,919 shares in the last quarter. Cable Hill Partners LLC raised its stake in shares of Mondelez International by 12.9% in the second quarter. Cable Hill Partners LLC now owns 3,021 shares of the company’s stock worth $137,000 after buying an additional 346 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its stake in shares of Mondelez International by 72.3% in the second quarter. Thompson Davis & CO. Inc. now owns 3,260 shares of the company’s stock worth $148,000 after buying an additional 1,368 shares in the last quarter. Hedge funds and other institutional investors own 75.46% of the company’s stock.

Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded up 1.84% during mid-day trading on Friday, hitting $43.28. The company had a trading volume of 3,702,863 shares. The company has a market capitalization of $66.84 billion, a PE ratio of 82.60 and a beta of 1.11. The company’s 50-day moving average is $42.99 and its 200 day moving average is $43.71. Mondelez International Inc. has a one year low of $35.88 and a one year high of $46.40.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. The company earned $6.40 billion during 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%. Mondelez International’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. On average, equities research analysts forecast that Mondelez International Inc. will post $1.95 EPS for the current fiscal year.

Several research analysts have weighed in on the company. Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, November 22nd. Deutsche Bank AG reaffirmed a “hold” rating and set a $46.00 price target on shares of Mondelez International in a research report on Thursday, November 10th. Susquehanna reaffirmed a “buy” rating and set a $55.00 price target on shares of Mondelez International in a research report on Wednesday, October 26th. RBC Capital Markets reaffirmed an “outperform” rating and set a $54.00 price target on shares of Mondelez International in a research report on Wednesday, October 26th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $51.00 price target on shares of Mondelez International in a research report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. The stock 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 stock in a transaction that occurred 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 directly owns 13,495 shares of the company’s stock, valued at $594,994.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lewis W. K. Booth purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were acquired at an average cost of $41.61 per share, with a total value of $104,025.00. The disclosure for this purchase can be found here. Corporate insiders own 3.90% of the company’s stock.

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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