46,220 Mondelez International, Inc. $MDLZ Shares Sold by Vestor Capital LLC

Vestor Capital LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 88.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,017 shares of the company’s stock after selling 46,220 shares during the quarter. Vestor Capital LLC’s holdings in Mondelez International were worth $348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Kintegral Advisory LLC raised its position in shares of Mondelez International by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 28,215 shares of the company’s stock valued at $1,646,000 after buying an additional 159 shares in the last quarter. Strategy Asset Managers LLC grew its position in Mondelez International by 2.2% in the third quarter. Strategy Asset Managers LLC now owns 7,505 shares of the company’s stock worth $434,000 after acquiring an additional 160 shares in the last quarter. WealthPlan Investment Management LLC grew its position in Mondelez International by 3.2% in the third quarter. WealthPlan Investment Management LLC now owns 5,124 shares of the company’s stock worth $296,000 after acquiring an additional 160 shares in the last quarter. Principle Wealth Partners LLC grew its position in Mondelez International by 1.9% in the third quarter. Principle Wealth Partners LLC now owns 8,663 shares of the company’s stock worth $501,000 after acquiring an additional 160 shares in the last quarter. Finally, Joseph Group Capital Management increased its stake in Mondelez International by 25.5% in the third quarter. Joseph Group Capital Management now owns 787 shares of the company’s stock valued at $46,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group restated a “buy” rating and set a $75.00 price target on shares of Mondelez International in a research report on Friday, October 30th. BNP Paribas Exane upped their price objective on Mondelez International from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, October 30th. JPMorgan Chase & Co. reduced their price objective on Mondelez International from $72.00 to $71.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. UBS Group reissued a “neutral” rating and set a $72.00 price objective on shares of Mondelez International in a report on Monday, November 2nd. Finally, Wells Fargo & Company boosted their target price on Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. 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 a consensus rating of “Moderate Buy” and an average price target of $69.30.

Insider Transactions at Mondelez International

In other news, CEO Dirk Van de Put sold 20,899 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $68.03, for a total transaction of $1,421,758.97. Following the transaction, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at approximately $90,240,978.64. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 392,150 shares of company stock worth $25,893,046 in the last ninety days. Corporate insiders own 0.45% of the company’s stock.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $66.54 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.62. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $68.75. The company has a fifty day moving average of $62.25 and a 200-day moving average of $60.66. The stock has a market capitalization of $84.23 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.64 and a beta of 0.34.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.07. The company had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.98 billion. Mondelez International had a net margin of 10.22% and a return on equity of 14.18%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS. Equities research analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International Company Profile

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.