Mondelez International, Inc. $MDLZ Stock Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.2% during the third quarter, HoldingsChannel.com reports. The firm owned 84,779 shares of the company’s stock after purchasing an additional 7,862 shares during the quarter. Kestra Advisory Services LLC’s holdings in Mondelez International were worth $4,902,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. Baird Financial Group Inc. grew its stake in Mondelez International by 5.1% during the second quarter. Baird Financial Group Inc. now owns 354,894 shares of the company’s stock valued at $20,527,000 after acquiring an additional 17,248 shares in the last quarter. First Trust Advisors LP raised its position in shares of Mondelez International by 10.1% in the first quarter. First Trust Advisors LP now owns 1,131,640 shares of the company’s stock worth $65,228,000 after buying an additional 103,778 shares in the last quarter. Ethic Inc. boosted its stake in Mondelez International by 21.5% during the second quarter. Ethic Inc. now owns 235,350 shares of the company’s stock valued at $13,613,000 after buying an additional 41,601 shares during the period. Amundi boosted its position in shares of Mondelez International by 18.0% during the 1st quarter. Amundi now owns 3,243,030 shares of the company’s stock valued at $186,928,000 after acquiring an additional 494,996 shares during the last quarter. Finally, National Pension Service grew its holdings in shares of Mondelez International by 1.8% during the second quarter. National Pension Service now owns 3,464,597 shares of the company’s stock worth $200,392,000 after purchasing an additional 60,973 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MDLZ shares. Jefferies Financial Group reissued a “buy” rating and issued a $73.00 price target (up from $70.00) on shares of Mondelez International in a report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and issued a $72.00 price objective on shares of Mondelez International in a report on Monday, November 2nd. Freedom Broker raised Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Friday, October 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $66.00 price objective on shares of Mondelez International in a report on Monday, October 26th. Finally, HSBC lifted their target price on shares of Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.30.

Insider Activity

In other news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the completion of the transaction, the chief executive officer directly owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 392,150 shares of company stock valued at $25,893,046. 0.45% of the stock is owned by company insiders.

Mondelez International Stock Performance

Shares of MDLZ opened at $66.56 on Friday. The company has a 50-day simple moving average of $62.43 and a two-hundred day simple moving average of $60.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.62 and a quick ratio of 0.42. The firm has a market capitalization of $84.25 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.65 and a beta of 0.34. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $68.75.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.07. The company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.98 billion. Mondelez International had a return on equity of 14.18% and a net margin of 10.22%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 EPS. On average, analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Company 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.