Mondelez International, Inc. $MDLZ Shares Bought by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,192 shares of the company’s stock after purchasing an additional 15,290 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Mondelez International were worth $9,494,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MDLZ. Baird Financial Group Inc. boosted its holdings in shares of Mondelez International by 5.1% in the second quarter. Baird Financial Group Inc. now owns 354,894 shares of the company’s stock valued at $20,527,000 after acquiring an additional 17,248 shares in the last quarter. First Trust Advisors LP raised its holdings in Mondelez International by 10.1% during the first quarter. First Trust Advisors LP now owns 1,131,640 shares of the company’s stock worth $65,228,000 after purchasing an additional 103,778 shares in the last quarter. Ethic Inc. raised its holdings in Mondelez International by 21.5% during the second quarter. Ethic Inc. now owns 235,350 shares of the company’s stock worth $13,613,000 after purchasing an additional 41,601 shares in the last quarter. Amundi raised its holdings in Mondelez International by 18.0% during the first quarter. Amundi now owns 3,243,030 shares of the company’s stock worth $186,928,000 after purchasing an additional 494,996 shares in the last quarter. Finally, National Pension Service lifted its position in Mondelez International by 1.8% in the second quarter. National Pension Service now owns 3,464,597 shares of the company’s stock worth $200,392,000 after purchasing an additional 60,973 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Insider Transactions at Mondelez International

In other Mondelez International news, CEO Dirk Van de Put sold 20,899 shares of the business’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $68.03, for a total transaction of $1,421,758.97. Following the sale, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $90,240,978.64. The trade was a 1.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 392,150 shares of company stock worth $25,893,046. 0.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research reports. HSBC boosted their price objective on Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. UBS Group reaffirmed a “neutral” rating and set a $72.00 target price on shares of Mondelez International in a research note on Monday, November 2nd. Freedom Broker raised Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Friday, October 30th. Barclays boosted their price target on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $75.00 price target on shares of Mondelez International in a report on Friday, October 30th. Seventeen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.30.

Mondelez International Trading Up 0.2%

Shares of NASDAQ:MDLZ opened at $66.70 on Thursday. The stock has a market capitalization of $84.43 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.65 and a beta of 0.34. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $68.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.62. The company has a 50 day moving average price of $62.35 and a 200 day moving average price of $60.70.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.07. The firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.98 billion. Mondelez International had a net margin of 10.22% and a return on equity of 14.18%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 earnings per share. On average, research analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

About Mondelez International

Mondelez International, Inc. is a global snacking company that makes and markets biscuits, chocolate, candy, gum and other snack products. Its brands include Oreo, Ritz, LU, belVita, Cadbury, Milka, Toblerone and Sour Patch Kids. The company sells its products in countries around the world, with a particularly strong presence in Europe and emerging markets. Mondelez was created in 2012 when Kraft Foods separated its international snacks business from its North American grocery business. Dirk Van de Put has served as Mondelez’s chairman and chief executive officer since 2017.