Mondelez International, Inc. $MDLZ Holdings Lifted by Ethic Inc.

Ethic Inc. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 260,424 shares of the company’s stock after purchasing an additional 25,074 shares during the quarter. Ethic Inc.’s holdings in Mondelez International were worth $15,058,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MDLZ. Kintegral Advisory LLC increased its holdings in Mondelez International by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 28,215 shares of the company’s stock worth $1,646,000 after buying an additional 159 shares during the period. Strategy Asset Managers LLC lifted its stake in Mondelez International by 2.2% during the 3rd quarter. Strategy Asset Managers LLC now owns 7,505 shares of the company’s stock valued at $434,000 after acquiring an additional 160 shares during the period. WealthPlan Investment Management LLC lifted its stake in Mondelez International by 3.2% during the 3rd quarter. WealthPlan Investment Management LLC now owns 5,124 shares of the company’s stock valued at $296,000 after acquiring an additional 160 shares during the period. Principle Wealth Partners LLC lifted its stake in Mondelez International by 1.9% during the 3rd quarter. Principle Wealth Partners LLC now owns 8,663 shares of the company’s stock valued at $501,000 after acquiring an additional 160 shares during the period. Finally, Alps Advisors Inc. boosted its holdings in shares of Mondelez International by 0.4% in the 3rd quarter. Alps Advisors Inc. now owns 44,554 shares of the company’s stock valued at $2,576,000 after acquiring an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 1.2%

Shares of NASDAQ:MDLZ opened at $66.02 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $68.75. The business has a 50 day moving average of $62.08 and a two-hundred day moving average of $60.57. The company has a market capitalization of $84.26 billion, a PE ratio of 20.83, a PEG ratio of 2.63 and a beta of 0.34.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.07. The business had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.98 billion. Mondelez International had a net margin of 10.22% and a return on equity of 14.18%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.73 EPS. As a group, analysts forecast that Mondelez International, Inc. will post 3.06 EPS for the current year.

Insider Transactions at Mondelez International

In related news, CEO Dirk Van de Put sold 20,899 shares of the stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $68.03, for a total transaction of $1,421,758.97. Following the sale, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at approximately $90,240,978.64. This represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 392,150 shares of company stock worth $25,893,046 over the last quarter. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MDLZ. Royal Bank Of Canada reiterated an “outperform” rating and issued a $66.00 price objective on shares of Mondelez International in a research note on Monday, October 26th. BNP Paribas Exane boosted their target price on shares of Mondelez International from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. BTIG Research upped their price target on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Friday, October 30th. Finally, Stifel Nicolaus set a $74.00 price objective on Mondelez International in a research note on Friday, October 30th. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.30.

Mondelez International Profile

Mondelez International, Inc is a global snacking company that makes and markets biscuits, chocolate, candy, gum and other snack products. Its brands include Oreo, Ritz, LU, belVita, Cadbury, Milka, Toblerone and Sour Patch Kids.

The company sells its products in countries around the world, with a particularly strong presence in Europe and emerging markets. Mondelez was created in 2012 when Kraft Foods separated its international snacks business from its North American grocery business.

Dirk Van de Put has served as Mondelez’s chairman and chief executive officer since 2017.