WINTON GROUP Ltd Sells 294,321 Shares of Mondelez International Inc (MDLZ)

WINTON GROUP Ltd trimmed its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 98.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,934 shares of the company’s stock after selling 294,321 shares during the period. WINTON GROUP Ltd’s holdings in Mondelez International were worth $255,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. grew its stake in Mondelez International by 52.0% in the 3rd quarter. American Century Companies Inc. now owns 15,345,265 shares of the company’s stock worth $659,233,000 after acquiring an additional 5,246,517 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Mondelez International by 32.5% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 20,400 shares of the company’s stock valued at $876,000 after buying an additional 5,000 shares during the period. Bbva Compass Bancshares Inc. grew its stake in shares of Mondelez International by 34.3% during the 3rd quarter. Bbva Compass Bancshares Inc. now owns 20,886 shares of the company’s stock valued at $897,000 after buying an additional 5,339 shares during the period. CIBC Asset Management Inc grew its stake in shares of Mondelez International by 0.5% during the 3rd quarter. CIBC Asset Management Inc now owns 669,964 shares of the company’s stock valued at $28,782,000 after buying an additional 3,385 shares during the period. Finally, HL Financial Services LLC grew its stake in shares of Mondelez International by 1.2% during the 3rd quarter. HL Financial Services LLC now owns 134,996 shares of the company’s stock valued at $5,799,000 after buying an additional 1,638 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.

NASDAQ:MDLZ opened at $43.79 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.38 and a debt-to-equity ratio of 0.58. The firm has a market cap of $63.21 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.98 and a beta of 0.75. Mondelez International Inc has a twelve month low of $37.42 and a twelve month high of $46.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Monday, October 29th. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The business had revenue of $6.29 billion for the quarter, compared to analyst estimates of $6.32 billion. Mondelez International had a net margin of 12.46% and a return on equity of 13.71%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. Sell-side analysts forecast that Mondelez International Inc will post 2.43 EPS for the current year.

Several brokerages have recently issued reports on MDLZ. BidaskClub raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Thursday. DZ Bank raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, July 27th. Zacks Investment Research raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Piper Jaffray Companies set a $48.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a research note on Tuesday, October 30th. Finally, UBS Group set a $51.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a research note on Monday, September 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $49.17.

In related news, EVP Maurizio Brusadelli sold 7,381 shares of Mondelez International stock in a transaction on 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 owns 73,959 shares in the company, valued at approximately $3,234,966.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel P. Myers sold 27,963 shares of Mondelez International stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total transaction of $1,214,712.72. The disclosure for this sale can be found here. 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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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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