Mondelez International, Inc. $MDLZ Shares Sold by Lindsell Train Ltd

Key Points

• Lindsell Train cut its Mondelez stake by 11.1%, selling 284,386 shares in the third quarter; it retained 2.28 million shares, its sixth-largest portfolio holding.
• Mondelez reported quarterly earnings of $0.78 per share, topping the $0.71 analyst consensus, while revenue of $9.97 billion slightly missed estimates and rose 2.3% year over year.
• Analyst sentiment remains positive: the stock carries a “Moderate Buy” consensus from 17 Buy and 10 Hold ratings, with an average price target of $69.30.

Lindsell Train Ltd cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 11.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,281,067 shares of the company's stock after selling 284,386 shares during the quarter. Mondelez International accounts for about 6.3% of Lindsell Train Ltd's portfolio, making the stock its 6th largest position. Lindsell Train Ltd owned about 0.18% of Mondelez International worth $145,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Great Lakes Advisors LLC bought a new stake in shares of Mondelez International during the second quarter worth $74,341,000. Junto Capital Management LP acquired a new stake in shares of Mondelez International during the 2nd quarter valued at $53,549,000. Dimensional Fund Advisors LP boosted its holdings in shares of Mondelez International by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company's stock valued at $543,900,000 after acquiring an additional 916,235 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Mondelez International during the 3rd quarter valued at $52,335,000. Finally, Wellington Management Group LLP grew its position in Mondelez International by 179.7% during the 2nd quarter. Wellington Management Group LLP now owns 1,047,680 shares of the company's stock worth $60,598,000 after acquiring an additional 673,098 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $66.82 on Friday. The company has a market capitalization of $85.28 billion, a PE ratio of 21.08, a P/E/G ratio of 2.68 and a beta of 0.34. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week 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 simple moving average of $62.00 and a two-hundred day simple moving average of $60.53.

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

Insider Buying and Selling at Mondelez International

In other news, CEO Dirk Van de Put sold 133,580 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total value of $8,559,806.40. Following the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.45% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on MDLZ shares. Jefferies Financial Group reiterated a "buy" rating and issued a $73.00 target price (up from $70.00) on shares of Mondelez International in a research report on Wednesday, July 29th. Weiss Ratings restated a "hold (c)" rating on shares of Mondelez International in a report on Friday, October 30th. The Goldman Sachs Group restated a "buy" rating and set a $75.00 price target on shares of Mondelez International in a report on Friday, October 30th. JPMorgan Chase & Co. lowered their price objective on Mondelez International from $72.00 to $71.00 and set an "overweight" rating for the company in a research note on Friday, October 16th. Finally, BTIG Research raised their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.30.

Mondelez International Company 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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