Mission Wealth Management LP acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,549 shares of the company’s stock, valued at approximately $319,000.

Other hedge funds have also recently bought and sold shares of the company. Engineers Gate Manager LP boosted its holdings in shares of Mondelez International by 34.0% in the first quarter. Engineers Gate Manager LP now owns 29,121 shares of the company’s stock valued at $1,458,000 after acquiring an additional 7,383 shares during the period. SevenBridge Financial Group LLC boosted its holdings in shares of Mondelez International by 20.2% in the second quarter. SevenBridge Financial Group LLC now owns 8,040 shares of the company’s stock valued at $411,000 after acquiring an additional 1,350 shares during the period. Liberty One Investment Management LLC boosted its holdings in shares of Mondelez International by 5.8% in the second quarter. Liberty One Investment Management LLC now owns 237,187 shares of the company’s stock valued at $12,127,000 after acquiring an additional 12,972 shares during the period. CWM LLC lifted its holdings in shares of Mondelez International by 5,332.3% during the second quarter. CWM LLC now owns 361,897 shares of the company’s stock worth $18,504,000 after purchasing an additional 355,235 shares during the period. Finally, First Financial Bank Trust Division lifted its holdings in shares of Mondelez International by 27.5% during the second quarter. First Financial Bank Trust Division now owns 7,199 shares of the company’s stock worth $368,000 after purchasing an additional 1,551 shares during the period. 75.10% of the stock is owned by institutional investors and hedge funds.

MDLZ has been the subject of several recent research reports. Morgan Stanley increased their price target on Mondelez International from $61.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price target on Mondelez International from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Seaport Global Securities initiated coverage on Mondelez International in a report on Tuesday, July 28th. They set a “buy” rating and a $61.00 price target for the company. Jefferies Financial Group increased their price target on Mondelez International from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Guggenheim downgraded Mondelez International from a “buy” rating to a “neutral” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $62.38.

In related news, Director Trian Fund Management, L.P. sold 1,160,827 shares of Mondelez International stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $55.56, for a total transaction of $64,495,548.12. Following the completion of the sale, the director now owns 12,727 shares in the company, valued at approximately $707,112.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Peter W. May sold 1,000,000 shares of Mondelez International stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $55.93, for a total value of $55,930,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,876,741 shares of company stock valued at $160,211,881. Company insiders own 1.30% of the company’s stock.

Shares of MDLZ stock opened at $57.97 on Friday. Mondelez International, Inc. has a fifty-two week low of $41.19 and a fifty-two week high of $59.96. The stock has a market cap of $82.80 billion, a P/E ratio of 24.36, a P/E/G ratio of 3.38 and a beta of 0.61. The business has a fifty day simple moving average of $57.29 and a 200-day simple moving average of $53.68. The company has a quick ratio of 0.36, a current ratio of 0.55 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.07. Mondelez International had a return on equity of 14.02% and a net margin of 13.31%. The business had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same quarter last year, the business posted $0.57 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were given a $0.315 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.17%. This is a boost from Mondelez International’s previous quarterly dividend of $0.29. Mondelez International’s dividend payout ratio (DPR) is currently 51.01%.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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

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