Trade Report: The Oregon Public Employees Retirement Fund reduces its investment in Mondelez International Inc. (MDLZ)

The Oregon Public Employees Retirement Fund reduces its investment in Mondelez International Inc. (MDLZ)

Oregon Public Employees Retirement Fund decreased its stake in Mondelez International Inc. (NASDAQ:MDLZ) by 41.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,110 shares of the company’s stock after selling 113,446 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Mondelez International were worth $7,073,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MDLZ. Emerald Acquisition Ltd. acquired a new position in Mondelez International during the second quarter worth approximately $193,868,000. UBS Asset Management Americas Inc. raised its position in Mondelez International by 45.6% in the second quarter. UBS Asset Management Americas Inc. now owns 9,676,174 shares of the company’s stock worth $440,362,000 after buying an additional 3,028,890 shares in the last quarter. Axiom International Investors LLC DE acquired a new position in Mondelez International during the second quarter worth approximately $63,034,000. First Eagle Investment Management LLC raised its position in Mondelez International by 24,656.8% in the second quarter. First Eagle Investment Management LLC now owns 1,370,536 shares of the company’s stock worth $62,373,000 after buying an additional 1,365,000 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Mondelez International by 26.5% in the second quarter. Canada Pension Plan Investment Board now owns 6,219,596 shares of the company’s stock worth $283,054,000 after buying an additional 1,303,450 shares during the period. 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 trading on Friday, reaching $43.28. 3,702,863 shares of the company traded hands. The firm has a 50-day moving average price of $42.99 and a 200-day moving average price of $43.71. Mondelez International Inc. has a 12 month low of $35.88 and a 12 month high of $46.40. The firm has a market capitalization of $66.84 billion, a PE ratio of 82.60 and a beta of 1.11.

Mondelez International (NASDAQ:MDLZ) last released its earnings results 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 firm had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a net margin of 3.16% and a return on equity of 10.88%. Mondelez International’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. Equities research analysts anticipate that Mondelez International Inc. will post $1.95 EPS for the current year.

A number of research analysts have recently issued reports on the stock. Credit Suisse Group AG reiterated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research note on Thursday, September 1st. RBC Capital Markets reiterated an “outperform” rating and set a $54.00 price target on shares of Mondelez International in a research note on Wednesday, August 31st. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $44.19 price target (up from $35.88) on shares of Mondelez International in a research note on Tuesday, September 6th. Deutsche Bank AG reiterated a “hold” rating and set a $46.00 price target on shares of Mondelez International in a research note on Thursday, November 10th. Finally, Susquehanna reiterated a “buy” rating on shares of Mondelez International in a research note on Monday, August 8th. One 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 currently has an average rating of “Buy” and an average target price of $47.21.

In other Mondelez International news, Director Lewis W. K. Booth acquired 2,500 shares of Mondelez International stock in a transaction dated Friday, November 11th. The stock was bought at an average price of $41.61 per share, for a total transaction of $104,025.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Trian Fund Management, L.P. sold 3,800,000 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $44.09, for a total transaction of $167,542,000.00. Following the transaction, the director now owns 13,495 shares of the company’s stock, valued at approximately $594,994.55. The disclosure for this sale can be found here. Company 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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