M Holdings Securities Inc. Purchases New Holdings in Mondelez International, Inc. $MDLZ

M Holdings Securities Inc. purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,313 shares of the company’s stock, valued at approximately $712,000.

A number of other institutional investors also recently bought and sold shares of the business. Ethic Inc. raised its holdings in shares of Mondelez International by 10.7% during the third quarter. Ethic Inc. now owns 260,424 shares of the company’s stock worth $15,058,000 after purchasing an additional 25,074 shares during the last quarter. StoneX Group Inc. lifted its position in Mondelez International by 13.4% during the third quarter. StoneX Group Inc. now owns 44,165 shares of the company’s stock valued at $2,583,000 after purchasing an additional 5,208 shares during the period. Formidable Asset Management LLC boosted its holdings in Mondelez International by 3.8% in the third quarter. Formidable Asset Management LLC now owns 15,303 shares of the company’s stock valued at $885,000 after purchasing an additional 565 shares during the last quarter. Guidance Capital Inc. boosted its holdings in Mondelez International by 1.8% in the third quarter. Guidance Capital Inc. now owns 10,557 shares of the company’s stock valued at $610,000 after purchasing an additional 183 shares during the last quarter. Finally, Asset Dedication LLC boosted its holdings in Mondelez International by 9.6% in the third quarter. Asset Dedication LLC now owns 2,119 shares of the company’s stock valued at $123,000 after purchasing an additional 186 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International stock in a transaction 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 approximately $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 Securities & Exchange Commission, which is accessible through this link. 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 three months. 0.45% of the stock is currently owned by insiders.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $66.54 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.62 and a quick ratio of 0.42. The company has a 50 day moving average price of $62.25 and a 200-day moving average price of $60.66. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $68.75. The firm has a market cap of $84.23 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.64 and a beta of 0.34.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.98 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts forecast that Mondelez International, Inc. will post 3.06 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Mondelez International from $72.00 to $71.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $66.00 price objective on shares of Mondelez International in a report on Monday, October 26th. Jefferies Financial Group restated a “buy” rating and issued a $73.00 target price (up from $70.00) on shares of Mondelez International in a research note on Wednesday, July 29th. The Goldman Sachs Group restated a “buy” rating and issued a $75.00 target price on shares of Mondelez International in a research note on Friday, October 30th. Finally, HSBC raised their target price on Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.30.

About Mondelez International

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.