Mondelez International Inc (MDLZ) Holdings Reduced by Marshall Wace LLP

Marshall Wace LLP lowered its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 6.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 899,122 shares of the company’s stock after selling 66,697 shares during the quarter. Marshall Wace LLP’s holdings in Mondelez International were worth $38,626,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Quad Cities Investment Group LLC bought a new stake in shares of Mondelez International during the second quarter valued at approximately $111,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Mondelez International in the third quarter valued at $129,000. BKS Advisors LLC purchased a new position in shares of Mondelez International in the third quarter valued at $141,000. Sun Life Financial INC boosted its stake in Mondelez International by 1,312.4% during the second quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock worth $164,000 after buying an additional 3,714 shares during the period. Finally, TRUE Private Wealth Advisors purchased a new position in Mondelez International during the third quarter worth $167,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Several research firms recently weighed in on MDLZ. UBS Group set a $51.00 price objective on Mondelez International and gave the company a “buy” rating in a report on Monday, September 24th. Morgan Stanley began coverage on Mondelez International in a report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 price objective for the company. Credit Suisse Group set a $48.00 price objective on Mondelez International and gave the company a “buy” rating in a report on Thursday, September 6th. BidaskClub upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Thursday, November 22nd. Finally, Piper Jaffray Companies set a $48.00 price target on Mondelez International and gave the stock a “buy” rating in a research note on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $49.17.



Shares of MDLZ traded down $0.21 during midday trading on Friday, reaching $44.04. The company had a trading volume of 126,072 shares, compared to its average volume of 6,662,615. Mondelez International Inc has a 1-year low of $37.42 and a 1-year high of $46.54. The company has a market capitalization of $64.65 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 2.03 and a beta of 0.77. The company has a quick ratio of 0.38, a current ratio of 0.56 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Monday, October 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. The business had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $6.32 billion. During the same period last year, the company earned $0.57 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities analysts anticipate that Mondelez International Inc will post 2.43 earnings per share for the current fiscal year.

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

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About Mondelez International

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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