Mondelez International, Inc. $MDLZ Shares Purchased by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its Mondelez stake by 3.3% in the third quarter, buying 22,117 shares to reach 688,158 shares valued at approximately $39.8 million. Institutional investors and hedge funds collectively own 78.32% of MDLZ.
• CEO Dirk Van de Put sold 133,580 shares for about $8.56 million under a pre-arranged Rule 10b5-1 trading plan, reducing his holdings by 9.15%; insiders own 0.45% of the company.
• Mondelez shares opened at $61.87, while analysts maintain a “Moderate Buy” consensus with an average price target of $68.91. The company’s latest quarterly results beat expectations, with $0.73 in adjusted earnings per share and $9.36 billion in revenue, up 4.1% year over year.

Asset Management One Co. Ltd. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 688,158 shares of the company's stock after buying an additional 22,117 shares during the period. Asset Management One Co. Ltd. owned 0.05% of Mondelez International worth $39,789,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MDLZ. Miller Global Investments LLC purchased a new stake in shares of Mondelez International in the third quarter valued at about $26,000. North Point Portfolio Managers Corp OH purchased a new position in Mondelez International during the third quarter worth about $28,000. Ballast Advisors LLC purchased a new position in Mondelez International during the first quarter worth about $34,000. C M Bidwell & Associates Ltd. purchased a new position in Mondelez International during the second quarter worth about $35,000. Finally, Whipplewood Advisors LLC grew its position in Mondelez International by 35.5% in the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company's stock worth $37,000 after purchasing an additional 169 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

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 value of $8,559,806.40. Following the completion of the transaction, the chief executive officer owned 1,326,488 shares of the company's stock, valued at $85,001,351.04. The trade was a 9.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by corporate insiders.

Mondelez International Trading Down 0.8%

Shares of MDLZ opened at $61.87 on Thursday. The business's 50-day moving average price is $61.81 and its 200-day moving average price is $60.25. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65. The stock has a market cap of $78.97 billion, a PE ratio of 22.75, a P/E/G ratio of 2.47 and a beta of 0.38. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The firm had revenue of $9.36 billion for the quarter, compared to analysts' expectations of $9.21 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The business's quarterly revenue was up 4.1% on a year-over-year basis. On average, equities analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company reduced their price objective on Mondelez International from $70.00 to $65.00 and set an "overweight" rating for the company in a research note on Monday, October 5th. Royal Bank Of Canada restated an "outperform" rating and set a $66.00 price objective on shares of Mondelez International in a report on Monday. Weiss Ratings raised shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $72.00 to $71.00 and set an "overweight" rating on the stock in a research note on Friday, October 16th. Finally, The Goldman Sachs Group increased their target price on shares of Mondelez International from $65.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Seventeen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $68.91.

Mondelez International Profile

Mondelez International, Inc NASDAQ: MDLZ is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.

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