Essex Financial Services Inc. trimmed its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 61.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,647 shares of the company’s stock after selling 8,896 shares during the quarter. Essex Financial Services Inc.’s holdings in Mondelez International were worth $282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mitchell Capital Management Co. raised its holdings in shares of Mondelez International by 24.0% during the first quarter. Mitchell Capital Management Co. now owns 29,243 shares of the company’s stock worth $1,460,000 after purchasing an additional 5,659 shares during the period. Cornerstone Advisors Inc. raised its holdings in shares of Mondelez International by 2.4% during the first quarter. Cornerstone Advisors Inc. now owns 8,850 shares of the company’s stock worth $442,000 after purchasing an additional 207 shares during the period. Cornerstone Wealth Group LLC acquired a new stake in shares of Mondelez International during the first quarter worth $243,000. United Asset Strategies Inc. raised its holdings in shares of Mondelez International by 1.3% during the first quarter. United Asset Strategies Inc. now owns 81,646 shares of the company’s stock worth $4,076,000 after purchasing an additional 1,079 shares during the period. Finally, Lenox Wealth Management Inc. raised its holdings in shares of Mondelez International by 823.9% during the first quarter. Lenox Wealth Management Inc. now owns 850 shares of the company’s stock worth $42,000 after purchasing an additional 758 shares during the period. Hedge funds and other institutional investors own 76.64% of the company’s stock.

MDLZ has been the topic of a number of research reports. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. ValuEngine raised shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. BidaskClub cut shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a report on Thursday, January 24th. Finally, Barclays reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Mondelez International has an average rating of “Buy” and an average price target of $49.67.

MDLZ stock opened at $51.62 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.33 and a current ratio of 0.48. Mondelez International Inc has a fifty-two week low of $38.78 and a fifty-two week high of $52.57. The stock has a market capitalization of $73.74 billion, a P/E ratio of 21.24, a PEG ratio of 2.70 and a beta of 0.89.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The business had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter last year, the company earned $0.62 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, research analysts forecast that Mondelez International Inc will post 2.49 earnings per share for the current fiscal year.

In other Mondelez International news, EVP Gerhard W. Pleuhs sold 40,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the transaction, the executive vice president now owns 110,308 shares of the company’s stock, valued at approximately $5,688,583.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alejandro Lorenzo sold 26,347 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $46.94, for a total transaction of $1,236,728.18. Following the transaction, the executive vice president now directly owns 59,320 shares in the company, valued at approximately $2,784,480.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,842 shares of company stock worth $3,559,277. Corporate insiders own 1.50% of the company’s stock.

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Mondelez International Company Profile

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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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