Verde Servicos Internacionais S.A. Buys 150,309 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Verde Servicos Internacionais bought 150,309 Mondelez shares worth approximately $8.7 million, making MDLZ about 3% of its portfolio. Institutional investors collectively own 78.32% of the company.
• Mondelez exceeded quarterly expectations, reporting $0.73 in adjusted EPS versus $0.68 expected and $9.36 billion in revenue, up 4.1% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $68.86, compared with the stock’s reported price of $62.35.

Verde Servicos Internacionais S.A. purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 150,309 shares of the company's stock, valued at approximately $8,691,000. Mondelez International accounts for approximately 3.0% of Verde Servicos Internacionais S.A.'s portfolio, making the stock its 15th largest position.

Other hedge funds also recently made changes to their positions in the company. Great Lakes Advisors LLC bought a new position in Mondelez International in the 2nd quarter worth about $74,341,000. Junto Capital Management LP bought a new stake in shares of Mondelez International during the second quarter valued at about $53,549,000. Dimensional Fund Advisors LP increased its position in shares of Mondelez International by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company's stock valued at $543,900,000 after buying an additional 916,235 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Mondelez International by 179.7% in the second quarter. Wellington Management Group LLP now owns 1,047,680 shares of the company's stock worth $60,598,000 after buying an additional 673,098 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Mondelez International by 18.0% in the first quarter. Amundi now owns 3,243,030 shares of the company's stock worth $186,928,000 after buying an additional 494,996 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the company's stock in a transaction 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 directly owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by company insiders.

Mondelez International Trading Down 1.0%

NASDAQ MDLZ opened at $62.35 on Wednesday. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $66.65. The stock has a 50-day moving average of $61.83 and a 200-day moving average of $60.21. The firm has a market cap of $79.58 billion, a PE ratio of 22.92 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The company had revenue of $9.36 billion for the quarter, compared to analysts' expectations of $9.21 billion. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $0.73 EPS. As a group, equities research analysts forecast that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MDLZ has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mondelez International from $58.00 to $60.00 and gave the company a "hold" rating in a report on Wednesday, July 29th. Weiss Ratings raised Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. HSBC boosted their target price on Mondelez International from $71.00 to $72.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. BTIG Research upped their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Finally, BNP Paribas Exane upped their target price on Mondelez International from $68.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $68.86.

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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