Russell Investments Group Ltd. Purchases 149,447 Shares of Mondelez International, Inc. $MDLZ

Russell Investments Group Ltd. grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,347,577 shares of the company’s stock after purchasing an additional 149,447 shares during the period. Russell Investments Group Ltd.’s holdings in Mondelez International were worth $77,952,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Maryland State Retirement & Pension System boosted its holdings in Mondelez International by 15.5% during the third quarter. Maryland State Retirement & Pension System now owns 79,612 shares of the company’s stock worth $4,603,000 after purchasing an additional 10,690 shares during the last quarter. UNIVEST FINANCIAL Corp grew its position in Mondelez International by 10.3% in the 3rd quarter. UNIVEST FINANCIAL Corp now owns 164,192 shares of the company’s stock worth $9,494,000 after purchasing an additional 15,290 shares in the last quarter. Joel Isaacson & Co. LLC increased its stake in Mondelez International by 5.8% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 11,646 shares of the company’s stock valued at $673,000 after buying an additional 642 shares during the last quarter. Jacobi Capital Management LLC increased its stake in Mondelez International by 0.9% in the 3rd quarter. Jacobi Capital Management LLC now owns 16,819 shares of the company’s stock valued at $972,000 after buying an additional 151 shares during the last quarter. Finally, Machina Capital S.A.S. bought a new position in shares of Mondelez International during the 3rd quarter worth approximately $919,000. 78.32% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Dirk Van de Put sold 20,899 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $68.03, for a total transaction of $1,421,758.97. Following the completion of the sale, the chief executive officer owned 1,326,488 shares in the company, valued at $90,240,978.64. This trade represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 392,150 shares of company stock worth $25,893,046. Company insiders own 0.45% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ traded up $0.98 during trading hours on Friday, reaching $67.54. 6,128,804 shares of the company were exchanged, compared to its average volume of 7,956,488. The stock has a market capitalization of $85.49 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.65 and a beta of 0.34. The company has a quick ratio of 0.42, a current ratio of 0.62 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $68.75. The business’s 50 day simple moving average is $62.55 and its 200-day simple moving average is $60.79.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MDLZ. 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. Freedom Broker raised Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Friday, October 30th. Deutsche Bank lifted their price target on Mondelez International from $58.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a report on Friday, October 30th. Finally, UBS Group reissued a “neutral” rating and issued a $72.00 price objective on shares of Mondelez International in a research report on Monday, November 2nd. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.