Mondelez International, Inc. $MDLZ Stock Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,779 shares of the company’s stock after purchasing an additional 7,862 shares during the period. Kestra Advisory Services LLC’s holdings in Mondelez International were worth $4,902,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Baird Financial Group Inc. lifted its holdings in Mondelez International by 5.1% during the 2nd quarter. Baird Financial Group Inc. now owns 354,894 shares of the company’s stock worth $20,527,000 after buying an additional 17,248 shares during the period. First Trust Advisors LP boosted its holdings in Mondelez International by 10.1% in the first quarter. First Trust Advisors LP now owns 1,131,640 shares of the company’s stock valued at $65,228,000 after acquiring an additional 103,778 shares during the last quarter. Ethic Inc. raised its holdings in Mondelez International by 21.5% during the 2nd quarter. Ethic Inc. now owns 235,350 shares of the company’s stock worth $13,613,000 after purchasing an additional 41,601 shares during the last quarter. Amundi lifted its position in shares of Mondelez International by 18.0% in the 1st quarter. Amundi now owns 3,243,030 shares of the company’s stock worth $186,928,000 after purchasing an additional 494,996 shares during the period. Finally, National Pension Service lifted its position in shares of Mondelez International by 1.8% in the 2nd quarter. National Pension Service now owns 3,464,597 shares of the company’s stock worth $200,392,000 after purchasing an additional 60,973 shares during the period. 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 133,580 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 392,150 shares of company stock valued at $25,893,046. 0.45% of the stock is currently owned by insiders.

Mondelez International Price Performance

MDLZ opened at $66.56 on Friday. The firm’s fifty day moving average price is $62.43 and its two-hundred day moving average price is $60.74. The company has a market capitalization of $84.25 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 2.65 and a beta of 0.34. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.62 and a quick ratio of 0.42. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $68.75.

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

Analysts Set New Price Targets

A number of analysts have commented on MDLZ shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Friday, October 30th. UBS Group restated a “neutral” rating and set a $72.00 price target on shares of Mondelez International in a report on Monday, November 2nd. BNP Paribas Exane lifted their price objective on shares of Mondelez International from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, October 30th. Royal Bank Of Canada reiterated an “outperform” rating and set a $66.00 price objective on shares of Mondelez International in a report on Monday, October 26th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $73.00 price target (up from $70.00) on shares of Mondelez International in a research note on Wednesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.30.

About Mondelez International

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.