D.B. Root & Company LLC purchased a new stake in shares of Mondelez International Inc (NASDAQ:MDLZ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,114 shares of the company’s stock, valued at approximately $692,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Quad Cities Investment Group LLC acquired a new stake in shares of Mondelez International in the second quarter valued at approximately $111,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Mondelez International in the third quarter valued at approximately $129,000. BKS Advisors LLC acquired a new stake in shares of Mondelez International in the third quarter valued at approximately $141,000. Kaizen Advisory LLC lifted its position in shares of Mondelez International by 131.7% in the second quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock valued at $139,000 after buying an additional 1,925 shares during the last quarter. Finally, TRUE Private Wealth Advisors acquired a new stake in shares of Mondelez International in the third quarter valued at approximately $167,000. 75.00% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on MDLZ. Piper Jaffray Companies set a $48.00 price objective on Mondelez International and gave the company a “buy” rating in a research report 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 report on Monday, September 24th. Morgan Stanley began coverage on Mondelez International in a research report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 price objective for the company. BidaskClub raised Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. Finally, Credit Suisse Group set a $48.00 price objective on Mondelez International and gave the company a “buy” rating in a research report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Mondelez International has an average rating of “Hold” and an average price target of $49.17.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 29th. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The business had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.32 billion. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. As a group, equities research analysts forecast that Mondelez International Inc will post 2.43 earnings per share for the current year.
In related news, EVP Maurizio Brusadelli sold 7,381 shares of Mondelez International stock in a transaction that occurred 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 sale, the executive vice president now directly owns 73,959 shares of the company’s stock, valued at approximately $3,234,966.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel P. Myers sold 27,963 shares of Mondelez International stock in a transaction that occurred 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. Company insiders own 2.00% of the company’s stock.
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Mondelez International 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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