Wellington Shields Capital Management LLC Invests $1.35 Million in Mondelez International Inc (MDLZ) Stock

Wellington Shields Capital Management LLC bought a new position in Mondelez International Inc (NASDAQ:MDLZ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,386 shares of the company’s stock, valued at approximately $1,348,000.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of Mondelez International by 52.0% during the third 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 last quarter. Lindsell Train Ltd grew its stake in shares of Mondelez International by 13.3% during the third quarter. Lindsell Train Ltd now owns 28,982,722 shares of the company’s stock worth $1,245,098,000 after acquiring an additional 3,396,714 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Mondelez International by 33.2% during the third quarter. Wells Fargo & Company MN now owns 12,128,402 shares of the company’s stock worth $521,036,000 after acquiring an additional 3,024,713 shares during the last quarter. Manning & Napier Group LLC grew its stake in shares of Mondelez International by 244.4% during the third quarter. Manning & Napier Group LLC now owns 3,091,413 shares of the company’s stock worth $132,805,000 after acquiring an additional 2,193,747 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Mondelez International by 10.5% during 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 acquiring an additional 1,601,700 shares during the last quarter. Institutional investors and hedge funds own 75.00% of the company’s stock.

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 value of $322,844.94. Following the completion of the transaction, the executive vice president now directly owns 73,959 shares of the company’s stock, valued at $3,234,966.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Insiders own 2.00% of the company’s stock.

A number of equities research analysts recently commented on MDLZ shares. UBS Group set a $51.00 target price on Mondelez International and gave the company a “buy” rating in a research report on Monday, September 10th. Credit Suisse Group set a $48.00 target price on Mondelez International and gave the company a “buy” rating in a research report on Thursday, September 6th. Zacks Investment Research upgraded Mondelez International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Morgan Stanley started coverage on Mondelez International in a research report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 target price on the stock. Finally, ValuEngine upgraded Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, July 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $49.17.

NASDAQ:MDLZ traded down $0.08 during trading hours on Friday, reaching $43.86. The company had a trading volume of 69,884 shares, compared to its average volume of 9,241,902. Mondelez International Inc has a 1-year low of $37.42 and a 1-year high of $46.54. The company has a market capitalization of $63.72 billion, a PE ratio of 20.52, a PEG ratio of 1.98 and a beta of 0.75. The company has a current ratio of 0.56, a quick ratio of 0.38 and a debt-to-equity ratio of 0.58.

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

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About Mondelez International

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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