Andra AP fonden trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,787 shares of the company’s stock after selling 6,013 shares during the period. Andra AP fonden’s holdings in Mondelez International were worth $6,497,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of MDLZ. Vanguard Group Inc. grew its stake in Mondelez International by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock worth $4,267,168,000 after acquiring an additional 1,168,269 shares during the period. Northern Trust Corp grew its stake in Mondelez International by 7.3% in the 2nd quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock worth $936,717,000 after acquiring an additional 1,470,112 shares during the period. Lindsell Train Ltd grew its stake in Mondelez International by 16.2% in the 2nd quarter. Lindsell Train Ltd now owns 16,864,710 shares of the company’s stock worth $728,387,000 after acquiring an additional 2,357,000 shares during the period. Geode Capital Management LLC grew its stake in Mondelez International by 7.2% in the 1st quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock worth $664,480,000 after acquiring an additional 1,041,124 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in Mondelez International by 2.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 14,079,346 shares of the company’s stock worth $572,466,000 after acquiring an additional 326,000 shares during the period. 75.86% of the stock is owned by institutional investors and hedge funds.
Shares of Mondelez International, Inc. (MDLZ) opened at $43.33 on Thursday. Mondelez International, Inc. has a 12 month low of $39.19 and a 12 month high of $47.23. The stock has a market cap of $64,570.00, a price-to-earnings ratio of 21.03, a PEG ratio of 1.78 and a beta of 0.98. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49.
Several analysts have commented on MDLZ shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Zacks Investment Research cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. UBS reissued a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a research note on Friday, October 13th. Credit Suisse Group boosted their price objective on shares of Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Finally, J P Morgan Chase & Co boosted their price objective on shares of Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Mondelez International currently has an average rating of “Buy” and an average price target of $49.40.
In other Mondelez International news, Director Lewis W. K. Booth bought 1,500 shares of Mondelez International stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the transaction, the executive vice president now owns 20,965 shares in the company, valued at approximately $858,307.10. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
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Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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