Mondelez International Inc (MDLZ) Position Decreased by Opera Trading Capital
Opera Trading Capital trimmed its stake in Mondelez International Inc (NASDAQ:MDLZ) by 41.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,000 shares of the company’s stock after selling 5,000 shares during the period. Opera Trading Capital’s holdings in Mondelez International were worth $301,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. North Star Investment Management Corp. lifted its stake in Mondelez International by 5.3% in the second quarter. North Star Investment Management Corp. now owns 25,705 shares of the company’s stock worth $1,054,000 after acquiring an additional 1,294 shares during the last quarter. Sumitomo Life Insurance Co. lifted its position in shares of Mondelez International by 4.2% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 51,035 shares of the company’s stock worth $2,092,000 after buying an additional 2,059 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in shares of Mondelez International by 28.7% during the 2nd quarter. Douglas Lane & Associates LLC now owns 24,148 shares of the company’s stock worth $990,000 after buying an additional 5,391 shares during the last quarter. Bank Hapoalim BM lifted its position in shares of Mondelez International by 12.6% during the 2nd quarter. Bank Hapoalim BM now owns 26,150 shares of the company’s stock worth $1,072,000 after buying an additional 2,920 shares during the last quarter. Finally, Norris Perne & French LLP MI lifted its position in shares of Mondelez International by 1.8% during the 2nd quarter. Norris Perne & French LLP MI now owns 176,105 shares of the company’s stock worth $7,220,000 after buying an additional 3,075 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Maurizio Brusadelli sold 7,381 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $43.74, for a total value of $322,844.94. Following the sale, the executive vice president now directly owns 73,959 shares in the company, valued at approximately $3,234,966.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel P. Myers sold 27,963 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total transaction of $1,214,712.72. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Monday, October 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $6.29 billion for the quarter, compared to analyst estimates of $6.32 billion. Mondelez International had a net margin of 12.46% and a return on equity of 13.71%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. Sell-side analysts predict that Mondelez International Inc will post 2.43 EPS for the current year.
MDLZ has been the subject of several recent analyst reports. UBS Group set a $51.00 price objective on shares of Mondelez International and gave the stock a “buy” rating in a research report on Monday, September 10th. Credit Suisse Group set a $48.00 price objective on shares of Mondelez International and gave the stock a “buy” rating in a research report on Thursday, September 6th. Zacks Investment Research upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Morgan Stanley initiated coverage on shares of Mondelez International in a research report on Monday, September 17th. They set an “equal weight” rating and a $47.00 price objective for the company. Finally, BidaskClub downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Mondelez International currently has a consensus rating of “Hold” and an average target price of $49.17.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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