Wellington Shields & Co. LLC decreased its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 86.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,304 shares of the company’s stock after selling 69,202 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Mondelez International were worth $486,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management UK Ltd. raised its position in Mondelez International by 91.6% in the second quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 71,100 shares of the company’s stock worth $3,071,000 after acquiring an additional 34,000 shares in the last quarter. Franklin Street Advisors Inc. NC raised its position in Mondelez International by 12.7% in the second quarter. Franklin Street Advisors Inc. NC now owns 251,724 shares of the company’s stock worth $10,321,000 after acquiring an additional 28,431 shares in the last quarter. Smithfield Trust Co. raised its position in Mondelez International by 79.8% in the second quarter. Smithfield Trust Co. now owns 14,249 shares of the company’s stock worth $584,000 after acquiring an additional 6,326 shares in the last quarter. Patten & Patten Inc. TN raised its position in Mondelez International by 23.3% in the second quarter. Patten & Patten Inc. TN now owns 6,659 shares of the company’s stock worth $273,000 after acquiring an additional 1,260 shares in the last quarter. Finally, World Asset Management Inc raised its position in Mondelez International by 2.4% in the second quarter. World Asset Management Inc now owns 94,713 shares of the company’s stock worth $3,883,000 after acquiring an additional 2,263 shares in the last quarter. 75.00% of the stock is currently owned by institutional investors.
Mondelez International stock opened at $44.30 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 capitalization of $64.03 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.99 and a beta of 0.75. Mondelez International Inc has a fifty-two week low of $37.42 and a fifty-two week high of $46.54.
MDLZ has been the subject of several research analyst reports. UBS Group set a $51.00 price objective on Mondelez International and gave the stock a “buy” rating in a research report on Monday, September 24th. Morgan Stanley initiated coverage on Mondelez International in a research report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 price objective for the company. Credit Suisse Group set a $48.00 price objective on Mondelez International and gave the stock a “buy” rating in a research report on Thursday, September 6th. Royal Bank of Canada cut their price objective on Mondelez International to $51.00 and set an “outperform” rating for the company in a research report on Monday, July 16th. Finally, BidaskClub upgraded Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $49.17.
In related news, EVP Daniel P. Myers sold 27,963 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total transaction of $1,214,712.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maurizio Brusadelli sold 7,381 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $43.74, for a total value of $322,844.94. Following the sale, the executive vice president now directly owns 73,959 shares in the company, valued at approximately $3,234,966.66. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.
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Mondelez International Company 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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