8,256 Mondelez International, Inc. $MDLZ Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 408,080 shares of the company’s stock after acquiring an additional 8,256 shares during the period. Calamos Advisors LLC’s holdings in Mondelez International were worth $23,595,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Miller Global Investments LLC acquired a new stake in Mondelez International in the third quarter valued at $26,000. North Point Portfolio Managers Corp OH acquired a new position in shares of Mondelez International during the 3rd quarter worth $28,000. Compass Financial Management LLC raised its stake in shares of Mondelez International by 79.2% during the 3rd quarter. Compass Financial Management LLC now owns 491 shares of the company’s stock worth $28,000 after buying an additional 217 shares during the last quarter. Ballast Advisors LLC purchased a new stake in shares of Mondelez International in the 1st quarter worth about $34,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Mondelez International in the 2nd quarter worth about $35,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mondelez International

In other news, CEO Dirk Van de Put sold 133,580 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the completion of the transaction, the chief executive officer owned 1,326,488 shares of the company’s stock, valued at $85,001,351.04. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 392,150 shares of company stock valued at $25,893,046 over the last ninety days. Insiders own 0.45% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock traded down $0.80 during midday trading on Friday, reaching $66.02. 7,214,999 shares of the company were exchanged, compared to its average volume of 7,747,176. The company has a market capitalization of $84.26 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 2.64 and a beta of 0.34. The firm’s 50-day simple moving average is $62.08 and its 200-day simple moving average is $60.57. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $68.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.07. Mondelez International had a net margin of 10.22% and a return on equity of 14.18%. The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.98 billion. During the same period in the prior year, the firm earned $0.73 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MDLZ shares. TD Cowen increased their price objective on shares of Mondelez International from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, October 30th. BTIG Research upped their price target on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Stifel Nicolaus set a $74.00 price target on shares of Mondelez International in a report on Friday, October 30th. Barclays increased their price target on shares of Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, October 16th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $75.00 price objective on shares of Mondelez International in a research note on Friday, October 30th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average target price of $69.30.

Mondelez International Profile

Mondelez International, Inc is a global snacking company that makes and markets biscuits, chocolate, candy, gum and other snack products. Its brands include Oreo, Ritz, LU, belVita, Cadbury, Milka, Toblerone and Sour Patch Kids.

The company sells its products in countries around the world, with a particularly strong presence in Europe and emerging markets. Mondelez was created in 2012 when Kraft Foods separated its international snacks business from its North American grocery business.

Dirk Van de Put has served as Mondelez’s chairman and chief executive officer since 2017.