Whitnell & Co. raised its stake in Mondelez International Inc (NASDAQ:MDLZ) by 12.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,060 shares of the company’s stock after buying an additional 6,192 shares during the period. Whitnell & Co.’s holdings in Mondelez International were worth $3,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC lifted its stake in shares of Mondelez International by 2,667.6% in the second quarter. Nuveen Asset Management LLC now owns 15,338,381 shares of the company’s stock worth $826,739,000 after buying an additional 14,784,178 shares in the last quarter. Parnassus Investments CA boosted its stake in Mondelez International by 825.1% in the 2nd quarter. Parnassus Investments CA now owns 7,798,629 shares of the company’s stock valued at $420,346,000 after buying an additional 6,955,639 shares in the last quarter. BlackRock Inc. boosted its stake in Mondelez International by 3.4% in the 2nd quarter. BlackRock Inc. now owns 92,978,464 shares of the company’s stock valued at $5,011,539,000 after buying an additional 3,027,963 shares in the last quarter. Boston Partners boosted its stake in Mondelez International by 28.6% in the 2nd quarter. Boston Partners now owns 9,156,780 shares of the company’s stock valued at $493,614,000 after buying an additional 2,036,589 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Mondelez International by 40.6% in the 2nd quarter. Renaissance Technologies LLC now owns 6,355,453 shares of the company’s stock valued at $342,559,000 after buying an additional 1,834,400 shares in the last quarter. 76.42% of the stock is owned by institutional investors.
Shares of NASDAQ:MDLZ traded down $0.01 during midday trading on Friday, reaching $51.73. The company’s stock had a trading volume of 3,521,300 shares, compared to its average volume of 6,547,457. The firm has a 50 day moving average price of $53.96 and a two-hundred day moving average price of $53.76. Mondelez International Inc has a fifty-two week low of $38.78 and a fifty-two week high of $56.72. The firm has a market capitalization of $74.56 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.69 and a beta of 0.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.50.
A number of equities analysts have commented on the company. BidaskClub lowered Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. Royal Bank of Canada started coverage on Mondelez International in a report on Wednesday, October 16th. They set an “outperform” rating and a $66.00 target price on the stock. Bank of America reaffirmed a “buy” rating and set a $61.00 target price on shares of Mondelez International in a report on Thursday, October 31st. Credit Suisse Group lifted their target price on Mondelez International from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Buckingham Research lifted their target price on Mondelez International from $57.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.29.
In other news, EVP Vinzenz P. Gruber sold 40,377 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $56.68, for a total transaction of $2,288,568.36. Following the completion of the sale, the executive vice president now directly owns 112,137 shares in the company, valued at $6,355,925.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.
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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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