Ancora Advisors LLC lessened its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 26.1% in the third quarter, HoldingsChannel.com reports. The fund owned 5,948 shares of the company’s stock after selling 2,104 shares during the period. Ancora Advisors LLC’s holdings in Mondelez International were worth $256,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in MDLZ. BlackRock Inc. raised its stake in Mondelez International by 3.6% in the third quarter. BlackRock Inc. now owns 86,963,350 shares of the company’s stock valued at $3,735,944,000 after purchasing an additional 2,995,606 shares in the last quarter. Lindsell Train Ltd raised its stake in Mondelez International by 13.3% in the third quarter. Lindsell Train Ltd now owns 28,982,722 shares of the company’s stock valued at $1,245,098,000 after purchasing an additional 3,396,714 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Mondelez International by 5.4% in the third quarter. Bank of New York Mellon Corp now owns 17,845,702 shares of the company’s stock valued at $766,651,000 after purchasing an additional 921,701 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Mondelez International by 10.5% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,910,431 shares of the company’s stock valued at $693,328,000 after purchasing an additional 1,601,700 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Mondelez International by 52.0% in the third quarter. American Century Companies Inc. now owns 15,345,265 shares of the company’s stock valued at $659,233,000 after purchasing an additional 5,246,517 shares in the last quarter. 75.14% of the stock is owned by institutional investors.
Shares of NASDAQ MDLZ opened at $44.47 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.56 and a quick ratio of 0.38. The stock has a market cap of $65.39 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 2.06 and a beta of 0.77. Mondelez International Inc has a 12 month low of $37.42 and a 12 month high of $46.54.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Monday, October 29th. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ 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 return on equity of 13.71% and a net margin of 12.46%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. On average, sell-side analysts predict that Mondelez International Inc will post 2.43 earnings per share for the current year.
A number of research analysts recently commented on MDLZ shares. UBS Group set a $51.00 price target on Mondelez International and gave the company a “buy” rating in a research note on Monday, September 24th. Morgan Stanley started coverage on 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 Mondelez International and gave the company a “buy” rating in a research note on Thursday, September 6th. Piper Jaffray Companies set a $48.00 price target on Mondelez International and gave the company a “buy” rating in a research note on Tuesday, October 30th. Finally, BidaskClub raised Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, September 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $49.17.
In other Mondelez International news, EVP Maurizio Brusadelli sold 7,381 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $43.74, for a total transaction of $322,844.94. Following the completion of the transaction, the executive vice president now owns 73,959 shares of the company’s stock, valued at $3,234,966.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel P. Myers sold 27,963 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total value of $1,214,712.72. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
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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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