Keybank National Association OH Sells 21,209 Shares of Mondelez International, Inc. $MDLZ

Keybank National Association OH lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 177,624 shares of the company’s stock after selling 21,209 shares during the quarter. Keybank National Association OH’s holdings in Mondelez International were worth $10,270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MDLZ. Kintegral Advisory LLC lifted its position in shares of Mondelez International by 0.6% in the third quarter. Kintegral Advisory LLC now owns 28,215 shares of the company’s stock valued at $1,646,000 after acquiring an additional 159 shares in the last quarter. Strategy Asset Managers LLC grew its position in shares of Mondelez International by 2.2% during the third quarter. Strategy Asset Managers LLC now owns 7,505 shares of the company’s stock worth $434,000 after purchasing an additional 160 shares in the last quarter. WealthPlan Investment Management LLC grew its position in shares of Mondelez International by 3.2% during the third quarter. WealthPlan Investment Management LLC now owns 5,124 shares of the company’s stock worth $296,000 after purchasing an additional 160 shares in the last quarter. Principle Wealth Partners LLC grew its position in shares of Mondelez International by 1.9% during the third quarter. Principle Wealth Partners LLC now owns 8,663 shares of the company’s stock worth $501,000 after purchasing an additional 160 shares in the last quarter. Finally, Joseph Group Capital Management raised its stake in Mondelez International by 25.5% during the 3rd quarter. Joseph Group Capital Management now owns 787 shares of the company’s stock valued at $46,000 after purchasing an additional 160 shares during the period. 78.32% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Dirk Van de Put sold 20,899 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $68.03, for a total value of $1,421,758.97. Following the sale, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $90,240,978.64. The trade was a 1.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 in the last quarter. Insiders own 0.45% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $66.56 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.62 and a quick ratio of 0.42. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $68.75. The stock’s 50 day simple moving average is $62.43 and its two-hundred day simple moving average is $60.74. The company has a market cap of $84.25 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 2.65 and a beta of 0.34.

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

Analysts Set New Price Targets

MDLZ has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Barclays upped their price target on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. Deutsche Bank increased their price objective on shares of Mondelez International from $58.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and set a $72.00 price objective on shares of Mondelez International in a research report on Monday, November 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $73.00 price objective (up from $70.00) on shares of Mondelez International in a research report on Wednesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.30.

Mondelez International Company 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.