1st Global Advisors Inc. Trims Position in Mondelez International, Inc. (MDLZ)

1st Global Advisors Inc. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,898 shares of the company’s stock after selling 273 shares during the period. 1st Global Advisors Inc.’s holdings in Mondelez International were worth $773,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Proficio Capital Partners LLC raised its holdings in shares of Mondelez International by 637.3% in the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after buying an additional 1,963 shares during the last quarter. Acrospire Investment Management LLC raised its holdings in shares of Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after buying an additional 2,900 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after buying an additional 3,434 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Mondelez International by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after buying an additional 311 shares during the last quarter. Finally, Pointe Capital Management LLC purchased a new stake in shares of Mondelez International in the second quarter valued at about $202,000. 76.05% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lewis W. K. Booth acquired 1,500 shares of Mondelez International stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of $41.29 per share, for a total transaction of $61,935.00. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.

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Shares of Mondelez International, Inc. (NASDAQ MDLZ) opened at $42.33 on Friday. The company has a market cap of $63,257.45, a P/E ratio of 20.65, a PEG ratio of 1.75 and a beta of 0.98. Mondelez International, Inc. has a 1 year low of $39.19 and a 1 year high of $47.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 earnings per share. sell-side analysts predict that Mondelez International, Inc. will post 2.14 EPS for the current fiscal year.

MDLZ has been the subject of a number of research reports. UBS AG reaffirmed a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a report on Friday, October 13th. BMO Capital Markets reiterated a “buy” rating and set a $48.00 price target on shares of Mondelez International in a research note on Thursday, November 2nd. Buckingham Research dropped their price target on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Morgan Stanley dropped their price target on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th. Finally, J P Morgan Chase & Co boosted their price target on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Mondelez International has an average rating of “Buy” and a consensus target price of $49.40.

Mondelez International Company Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

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

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