Rakuten Investment Management Inc. Purchases 31,163 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Rakuten Investment Management increased its Mondelez stake by 10% in the third quarter, buying 31,163 shares to hold 341,290 shares valued at about $20.2 million.
• CEO Dirk Van de Put sold 129,285 shares for approximately $8.54 million under a pre-arranged trading plan; he retained about 1.20 million shares after the sale.
• Mondelez beat quarterly EPS estimates, reporting $0.78 versus the $0.71 consensus, while revenue of $9.97 billion was slightly below expectations. Analysts’ consensus rating was “Moderate Buy,” with a $69.30 average price target.

Rakuten Investment Management Inc. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 341,290 shares of the company's stock after buying an additional 31,163 shares during the quarter. Rakuten Investment Management Inc.'s holdings in Mondelez International were worth $20,245,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Provenance Wealth Advisors LLC increased its position in shares of Mondelez International by 43,818.2% during the third quarter. Provenance Wealth Advisors LLC now owns 4,831 shares of the company's stock valued at $279,000 after acquiring an additional 4,820 shares during the last quarter. Associated Banc Corp purchased a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $14,779,000. First Nebraska Trust Co purchased a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $705,000. Signature Equity Partners LLC raised its stake in shares of Mondelez International by 10.0% in the 3rd quarter. Signature Equity Partners LLC now owns 3,278 shares of the company's stock valued at $190,000 after acquiring an additional 299 shares during the period. Finally, XML Financial LLC lifted its holdings in shares of Mondelez International by 6.0% in the 3rd quarter. XML Financial LLC now owns 14,222 shares of the company's stock worth $822,000 after acquiring an additional 801 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Insider Buying and Selling at Mondelez International

In related news, CEO Dirk Van de Put sold 129,285 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $66.04, for a total value of $8,537,981.40. Following the sale, the chief executive officer owned 1,197,203 shares of the company's stock, valued at $79,063,286.12. This trade represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company's stock.

Mondelez International Price Performance

Shares of MDLZ opened at $67.38 on Thursday. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $68.14. The firm's 50 day moving average price is $61.93 and its 200 day moving average price is $60.48. The company has a market cap of $86.00 billion, a P/E ratio of 21.26, a PEG ratio of 2.59 and a beta of 0.34. The company has a quick ratio of 0.42, a current ratio of 0.62 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $9.97 billion for the quarter, compared to analysts' expectations of $9.98 billion. Mondelez International had a return on equity of 14.18% and a net margin of 10.22%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share. On average, research analysts forecast that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Mondelez International from $58.00 to $60.00 and gave the company a "hold" rating in a research report on Wednesday, July 29th. TD Cowen raised their price target on Mondelez International from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, October 30th. BNP Paribas Exane raised their price target on Mondelez International from $70.00 to $72.00 and gave the stock an "outperform" rating in a research report on Friday, October 30th. BTIG Research lifted their price objective on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. cut their price objective on Mondelez International from $72.00 to $71.00 and set an "overweight" rating on the stock in a report on Friday, October 16th. Seventeen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus price target 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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