BlackRock Inc. Purchases 2,995,606 Shares of Mondelez International Inc (MDLZ)

BlackRock Inc. grew its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,963,350 shares of the company’s stock after acquiring an additional 2,995,606 shares during the quarter. BlackRock Inc. owned about 5.93% of Mondelez International worth $3,735,944,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quad Cities Investment Group LLC bought a new stake in Mondelez International during the second quarter worth $111,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Mondelez International during the third quarter worth $129,000. BKS Advisors LLC bought a new stake in Mondelez International during the third quarter worth $141,000. Kaizen Advisory LLC grew its holdings in Mondelez International by 131.7% during the second quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock worth $139,000 after buying an additional 1,925 shares in the last quarter. Finally, TRUE Private Wealth Advisors bought a new stake in Mondelez International during the third quarter worth $167,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

MDLZ has been the subject of several recent research reports. BidaskClub downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. UBS Group upped their price target on Mondelez International from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. DZ Bank upgraded Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, July 27th. Zacks Investment Research upgraded Mondelez International from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Credit Suisse Group set a $48.00 price target on Mondelez International and gave the stock a “buy” rating in a report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Mondelez International currently has an average rating of “Buy” and a consensus price target of $49.17.

Shares of NASDAQ:MDLZ opened at $43.48 on Friday. The firm has a market capitalization of $63.52 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.99 and a beta of 0.75. The company has a quick ratio of 0.38, a current ratio of 0.56 and a debt-to-equity ratio of 0.58. Mondelez International Inc has a 1 year low of $37.42 and a 1 year high of $46.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was down 3.7% on a year-over-year basis. 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 fiscal year.

In other Mondelez International news, EVP Maurizio Brusadelli sold 7,381 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $43.74, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel P. Myers sold 27,963 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were 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 owned by corporate insiders.

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

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