Bbva Compass Bancshares Inc. lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,172 shares of the company’s stock after selling 2,357 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Mondelez International were worth $983,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Simmons Bank raised its position in shares of Mondelez International by 0.3% during the 1st quarter. Simmons Bank now owns 6,265 shares of the company’s stock valued at $269,000 after acquiring an additional 20 shares during the last quarter. Northwest Quadrant Wealth Management LLC raised its position in shares of Mondelez International by 0.4% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock valued at $309,000 after acquiring an additional 30 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Mondelez International by 0.4% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock valued at $447,000 after acquiring an additional 38 shares during the last quarter. Linscomb & Williams Inc. raised its position in shares of Mondelez International by 0.3% during the 2nd quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock valued at $580,000 after acquiring an additional 39 shares during the last quarter. Finally, Needelman Asset Management Inc. raised its position in shares of Mondelez International by 0.3% during the 2nd quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock valued at $736,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 75.86% of the company’s stock.

In other news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lewis W. K. Booth purchased 1,500 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $41.29 per share, with a total value of $61,935.00. The disclosure for this purchase can be found here. 3.60% of the stock is owned by insiders.

Several brokerages have commented on MDLZ. Royal Bank Of Canada reiterated a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. UBS reiterated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research report on Wednesday, August 9th. Susquehanna Bancshares set a $45.00 target price on shares of Mondelez International and gave the company a “hold” rating in a research report on Monday, October 30th. Zacks Investment Research cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $55.00 target price on shares of Mondelez International in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $49.40.

Mondelez International, Inc. (NASDAQ:MDLZ) opened at $42.99 on Wednesday. Mondelez International, Inc. has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The stock has a market cap of $64,423.07, a price-to-earnings ratio of 21.03, a PEG ratio of 1.78 and a beta of 0.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the business earned $0.52 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. sell-side analysts expect that Mondelez International, Inc. will post 2.14 earnings per share for the current fiscal year.

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About Mondelez International

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.

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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