Oppenheimer Asset Management Inc. Has $5.34 Million Position in Mondelez International Inc (MDLZ)

Oppenheimer Asset Management Inc. decreased its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 3.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 124,281 shares of the company’s stock after selling 4,786 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Mondelez International were worth $5,339,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quad Cities Investment Group LLC purchased a new position in Mondelez International in the second quarter worth $111,000. BKS Advisors LLC purchased a new position in Mondelez International in the third quarter worth $141,000. Kaizen Advisory LLC boosted its position in Mondelez International by 131.7% in the second quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock worth $139,000 after purchasing an additional 1,925 shares during the last quarter. TRUE Private Wealth Advisors purchased a new position in Mondelez International in the third quarter worth $167,000. Finally, Sun Life Financial INC boosted its position in Mondelez International by 1,312.4% in the second quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock worth $164,000 after purchasing an additional 3,714 shares during the last quarter. 74.78% of the stock is currently owned by institutional investors.

Shares of NASDAQ MDLZ opened at $40.11 on Monday. Mondelez International Inc has a one year low of $37.42 and a one year high of $46.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.55. The firm has a market cap of $58.82 billion, a PE ratio of 18.74, a PEG ratio of 1.81 and a beta of 0.83.



Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, July 25th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Mondelez International had a return on equity of 13.42% and a net margin of 11.58%. The firm had revenue of $6.11 billion for the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts expect that Mondelez International Inc will post 2.43 EPS for the current fiscal year.

In other news, EVP Daniel P. Myers sold 27,963 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total transaction of $1,214,712.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maurizio Brusadelli sold 7,381 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $43.74, for a total value of $322,844.94. Following the transaction, the executive vice president now directly owns 73,959 shares in the company, valued at approximately $3,234,966.66. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

MDLZ has been the topic of several research analyst reports. Royal Bank of Canada cut their price objective on Mondelez International to $51.00 and set an “outperform” rating on the stock in a research report on Monday, July 16th. BidaskClub raised Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. UBS Group set a $51.00 price objective on Mondelez International and gave the stock a “buy” rating in a research report on Monday, September 24th. Morgan Stanley initiated coverage on Mondelez International in a research report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 price objective on the stock. Finally, Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $49.21.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.

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

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