Mondelez International, Inc. $MDLZ Stock Position Lessened by Vestor Capital LLC

Vestor Capital LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 88.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,017 shares of the company’s stock after selling 46,220 shares during the period. Vestor Capital LLC’s holdings in Mondelez International were worth $348,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Retirement Systems of Alabama increased its position in shares of Mondelez International by 7.9% in the third quarter. Retirement Systems of Alabama now owns 938,958 shares of the company’s stock valued at $54,291,000 after acquiring an additional 68,488 shares during the period. Joseph Group Capital Management raised its stake in shares of Mondelez International by 25.5% during the third quarter. Joseph Group Capital Management now owns 787 shares of the company’s stock valued at $46,000 after acquiring an additional 160 shares during the last quarter. StoneRidge PMG Advisors LLC bought a new position in shares of Mondelez International during the third quarter valued at about $403,000. Beverly Hills Private Wealth LLC boosted its holdings in shares of Mondelez International by 18.2% during the third quarter. Beverly Hills Private Wealth LLC now owns 5,936 shares of the company’s stock worth $343,000 after purchasing an additional 916 shares during the period. Finally, University of Texas Texas AM Investment Management Co. boosted its holdings in shares of Mondelez International by 10,827.1% during the third quarter. University of Texas Texas AM Investment Management Co. now owns 28,192 shares of the company’s stock worth $1,645,000 after purchasing an additional 27,934 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Dirk Van de Put sold 133,580 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the completion of the transaction, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at $85,001,351.04. This represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 392,150 shares of company stock worth $25,893,046 in the last 90 days. 0.45% of the stock is owned by insiders.

Mondelez International Stock Up 0.2%

Shares of Mondelez International stock opened at $66.54 on Wednesday. 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 company has a market cap of $84.23 billion, a P/E ratio of 20.99, a PEG ratio of 2.64 and a beta of 0.34. The company’s fifty day simple moving average is $62.25 and its two-hundred day simple moving average is $60.66.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.71 by $0.07. The firm had revenue of $9.97 billion during 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 company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.73 EPS. Research analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. TD Cowen raised their target price on Mondelez International from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $66.00 price target on shares of Mondelez International in a research report on Monday, October 26th. Freedom Broker upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Friday, October 30th. BNP Paribas Exane increased their price objective on Mondelez International from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, October 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 price objective (up from $70.00) on shares of Mondelez International in a research report on Wednesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.30.

About Mondelez International

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.