Klingenstein Fields & Co. LLC Sells 9,932 Shares of Mondelez International Inc (MDLZ)

Klingenstein Fields & Co. LLC trimmed its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,130 shares of the company’s stock after selling 9,932 shares during the period. Klingenstein Fields & Co. LLC’s holdings in Mondelez International were worth $11,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Beck Mack & Oliver LLC grew its position in Mondelez International by 19.1% in the second quarter. Beck Mack & Oliver LLC now owns 7,637 shares of the company’s stock worth $313,000 after acquiring an additional 1,225 shares in the last quarter. Patten & Patten Inc. TN lifted its stake in Mondelez International by 23.3% in the second quarter. Patten & Patten Inc. TN now owns 6,659 shares of the company’s stock worth $273,000 after purchasing an additional 1,260 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Mondelez International by 0.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 164,874 shares of the company’s stock worth $6,760,000 after purchasing an additional 1,260 shares during the last quarter. BLB&B Advisors LLC lifted its stake in Mondelez International by 2.8% in the third quarter. BLB&B Advisors LLC now owns 47,024 shares of the company’s stock worth $2,020,000 after purchasing an additional 1,285 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its stake in Mondelez International by 5.3% in the second quarter. North Star Investment Management Corp. now owns 25,705 shares of the company’s stock worth $1,054,000 after purchasing an additional 1,294 shares during the last quarter. Institutional investors and hedge funds own 74.78% of the company’s stock.

Several research firms have weighed in on MDLZ. UBS Group set a $51.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research note on Monday, September 24th. Morgan Stanley began coverage on shares of Mondelez International in a research note on Monday, September 17th. They issued an “equal weight” rating and a $47.00 price target for the company. Credit Suisse Group set a $48.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research note on Thursday, September 6th. DZ Bank raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, July 27th. Finally, Zacks Investment Research raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $49.08.

Shares of NASDAQ:MDLZ traded down $0.70 during midday trading on Friday, hitting $41.67. 206,293 shares of the stock traded hands, compared to its average volume of 8,013,540. The company has a market cap of $61.77 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.58. Mondelez International Inc has a one year low of $37.42 and a one year high of $46.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Monday, October 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The firm had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $6.32 billion. Mondelez International had a net margin of 12.46% and a return on equity of 13.71%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. As a group, research analysts forecast that Mondelez International Inc will post 2.43 EPS for the current fiscal year.

In other news, EVP Daniel P. Myers sold 27,963 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total transaction of $1,214,712.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurizio Brusadelli sold 7,381 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $43.74, for a total transaction of $322,844.94. Following the transaction, the executive vice president now directly owns 73,959 shares of the company’s stock, valued at $3,234,966.66. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.

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

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