Advisor Partners LLC Reduces Stake in Mondelez International Inc (MDLZ)

Advisor Partners LLC cut its stake in Mondelez International Inc (NASDAQ:MDLZ) by 23.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,113 shares of the company’s stock after selling 8,689 shares during the quarter. Advisor Partners LLC owned approximately 1,864.70% of Mondelez International worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Simmons Bank increased its position in Mondelez International by 0.3% during the first quarter. Simmons Bank now owns 6,265 shares of the company’s stock worth $269,000 after buying an additional 20 shares during the last quarter. Northwest Quadrant Wealth Management LLC increased its position in Mondelez International by 0.4% during the second quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock worth $309,000 after buying an additional 30 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Mondelez International by 0.4% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock worth $447,000 after buying an additional 38 shares during the last quarter. Linscomb & Williams Inc. increased its position in Mondelez International by 0.3% during the second quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock worth $580,000 after buying an additional 39 shares during the last quarter. Finally, Needelman Asset Management Inc. increased its position in Mondelez International by 0.3% during the second quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock worth $736,000 after buying an additional 45 shares during the last quarter. 75.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mondelez International Inc (MDLZ) opened at $42.65 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. Mondelez International Inc has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The stock has a market cap of $63,735.65, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.76 and a beta of 0.98.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 13.63% and a return on equity of 15.38%. The company had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. equities research analysts predict that Mondelez International Inc will post 2.14 EPS for the current fiscal year.

In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares in the company, valued at $858,307.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lewis W. K. Booth purchased 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $41.29 per share, with a total value of $61,935.00. The disclosure for this purchase can be found here. 3.60% of the stock is owned by corporate insiders.

Several equities analysts have commented on the stock. BidaskClub raised shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research report on Thursday. BMO Capital Markets reissued a “buy” rating and set a $48.00 target price on shares of Mondelez International in a research report on Thursday, November 2nd. J P Morgan Chase & Co increased their target price on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Credit Suisse Group increased their target price on shares of Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Finally, Buckingham Research lowered their target price on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $49.40.

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Mondelez International Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

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

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