First Trust Advisors LP Raises Stake in Mondelez International Inc (MDLZ)

First Trust Advisors LP lifted its position in Mondelez International Inc (NASDAQ:MDLZ) by 9.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,144,549 shares of the company’s stock after purchasing an additional 97,050 shares during the quarter. First Trust Advisors LP owned about 0.08% of Mondelez International worth $49,170,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MDLZ. Lindsell Train Ltd increased its holdings in shares of Mondelez International by 13.3% in the third quarter. Lindsell Train Ltd now owns 28,982,722 shares of the company’s stock worth $1,245,098,000 after purchasing an additional 3,396,714 shares during the last quarter. Manning & Napier Group LLC increased its holdings in shares of Mondelez International by 244.4% in the third quarter. Manning & Napier Group LLC now owns 3,091,413 shares of the company’s stock worth $132,805,000 after purchasing an additional 2,193,747 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Mondelez International by 10.5% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,910,431 shares of the company’s stock worth $693,328,000 after purchasing an additional 1,601,700 shares during the last quarter. Hexavest Inc. bought a new stake in shares of Mondelez International in the second quarter worth about $46,852,000. Finally, Putnam Investments LLC increased its holdings in shares of Mondelez International by 4,043.6% in the second quarter. Putnam Investments LLC now owns 912,705 shares of the company’s stock worth $37,421,000 after purchasing an additional 890,678 shares during the last quarter. 74.78% of the stock is currently owned by hedge funds and other institutional investors.

In other Mondelez International news, EVP Maurizio Brusadelli sold 7,381 shares of the business’s 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 transaction, the executive vice president now owns 73,959 shares in the company, valued at $3,234,966.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel P. Myers sold 27,963 shares of the business’s stock in a transaction that occurred 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 insiders.

MDLZ has been the topic of several analyst reports. UBS Group set a $51.00 price objective on Mondelez International and gave the stock a “buy” rating in a research note on Monday, September 24th. Morgan Stanley initiated coverage on Mondelez International in a research note on Monday, September 17th. They set an “equal weight” rating and a $47.00 price objective on the stock. Credit Suisse Group set a $48.00 price objective on Mondelez International and gave the stock a “buy” rating in a research note on Thursday, September 6th. Royal Bank of Canada reduced their price objective on Mondelez International to $51.00 and set an “outperform” rating on the stock in a research note on Monday, July 16th. Finally, BidaskClub raised Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, September 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $49.21.

Shares of NASDAQ MDLZ opened at $40.11 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. Mondelez International Inc has a 1-year low of $37.42 and a 1-year high of $46.54. The company has a market cap of $58.82 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 1.81 and a beta of 0.83.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Monday, October 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Mondelez International had a return on equity of 13.42% and a net margin of 11.58%. The business had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.32 billion. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, analysts predict that Mondelez International Inc will post 2.43 EPS for the current fiscal year.

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.

Further Reading: Retained Earnings

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

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