Mondelez International Inc (MDLZ) Holdings Boosted by Highbridge Capital Management LLC

Highbridge Capital Management LLC raised its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 3,601.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,041 shares of the company’s stock after buying an additional 115,241 shares during the quarter. Highbridge Capital Management LLC’s holdings in Mondelez International were worth $4,813,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cpwm LLC bought a new position in Mondelez International in the 3rd quarter valued at $393,000. People s United Financial Inc. grew its stake in Mondelez International by 11.6% in the 3rd quarter. People s United Financial Inc. now owns 228,685 shares of the company’s stock valued at $9,821,000 after purchasing an additional 23,842 shares during the period. U S Global Investors Inc bought a new position in Mondelez International in the 3rd quarter valued at $461,000. InterOcean Capital LLC grew its stake in Mondelez International by 8.8% in the 3rd quarter. InterOcean Capital LLC now owns 583,660 shares of the company’s stock valued at $25,074,000 after purchasing an additional 47,361 shares during the period. Finally, Honkamp Krueger Financial Services Inc. grew its stake in Mondelez International by 23.5% in the 3rd quarter. Honkamp Krueger Financial Services Inc. now owns 6,129 shares of the company’s stock valued at $263,000 after purchasing an additional 1,165 shares during the period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

MDLZ stock opened at $44.47 on Thursday. The company has a quick ratio of 0.38, a current ratio of 0.56 and a debt-to-equity ratio of 0.58. The firm has a market cap of $64.65 billion, a PE ratio of 20.78, a PEG ratio of 2.03 and a beta of 0.77. Mondelez International Inc has a fifty-two week low of $37.42 and a fifty-two week high of $46.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Monday, October 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The company 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 firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 EPS. On average, equities analysts forecast that Mondelez International Inc will post 2.43 EPS for the current year.

A number of research analysts have issued reports on the company. BidaskClub upgraded Mondelez International from a “hold” rating to a “buy” rating in a research note on Thursday, November 22nd. Piper Jaffray Companies set a $48.00 price objective on Mondelez International and gave the company a “buy” rating in a research note on Tuesday, October 30th. UBS Group set a $51.00 price objective on Mondelez International and gave the company a “buy” rating in a research note on Monday, September 24th. Morgan Stanley assumed coverage on Mondelez International in a research note on Monday, September 17th. They issued an “equal weight” rating and a $47.00 price objective for the company. Finally, Credit Suisse Group set a $48.00 price objective on Mondelez International and gave the company a “buy” rating in a research note on Thursday, September 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $49.17.

In other news, EVP Maurizio Brusadelli sold 7,381 shares of the stock in a transaction on 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 in the company, valued at approximately $3,234,966.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel P. Myers sold 27,963 shares of the stock in a transaction on 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 corporate insiders.

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About Mondelez International

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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