77,070 Mondelez International, Inc. $MDLZ Shares Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. cut its Mondelez stake by 32.6% in the third quarter, selling 77,070 shares and retaining 159,024 shares valued at about $9.23 million.
• Mondelez reported quarterly EPS of $0.78, beating the $0.71 consensus, while revenue of $9.97 billion slightly missed estimates; revenue increased 2.3% year over year.
• Analyst sentiment was a “Moderate Buy,” with 17 Buy and 10 Hold ratings and an average price target of $69.30.

Candriam S.C.A. trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 32.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,024 shares of the company's stock after selling 77,070 shares during the period. Candriam S.C.A.'s holdings in Mondelez International were worth $9,228,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Baird Financial Group Inc. raised its stake 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 purchasing an additional 17,248 shares in the last quarter. First Trust Advisors LP boosted its stake 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 buying an additional 103,778 shares in the last quarter. Ethic Inc. boosted its stake 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 buying an additional 41,601 shares in the last quarter. National Pension Service boosted its stake in Mondelez International by 1.8% during the second quarter. National Pension Service now owns 3,464,597 shares of the company's stock worth $200,392,000 after buying an additional 60,973 shares in the last quarter. Finally, Amundi increased its holdings in Mondelez International by 18.0% in the 1st quarter. Amundi now owns 3,243,030 shares of the company's stock valued at $186,928,000 after buying an additional 494,996 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Up 0.6%

NASDAQ MDLZ opened at $66.44 on Tuesday. The stock has a market capitalization of $84.80 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.68 and a beta of 0.34. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $68.75. The stock's 50 day moving average price is $62.16 and its two-hundred day moving average price is $60.62. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.62.

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

Insider Buying and Selling

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the completion of the transaction, the chief executive officer directly owned 1,326,488 shares in the company, valued at $85,001,351.04. The trade was a 9.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 392,150 shares of company stock worth $25,893,046 in the last three months. 0.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MDLZ shares. TD Cowen raised their price objective on shares of Mondelez International from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, October 30th. UBS Group reiterated a "neutral" rating and set a $72.00 target price on shares of Mondelez International in a research report on Monday, November 2nd. Freedom Broker raised shares of Mondelez International from a "hold" rating to a "buy" rating and set a $71.00 target price on the stock in a research note on Friday, October 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Mondelez International in a research report on Friday, October 30th. Finally, Stifel Nicolaus set a $74.00 price target on shares of Mondelez International in a research report on Friday, October 30th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average target price of $69.30.

Mondelez International Profile

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.

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