Kornitzer Capital Management Inc. KS cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 28.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 278,763 shares of the company’s stock after selling 111,840 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Mondelez International were worth $11,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC increased its stake in shares of Mondelez International by 637.3% in the 1st quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after acquiring an additional 1,963 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after purchasing an additional 2,900 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Mondelez International by 2,056.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after purchasing an additional 3,434 shares in the last quarter. Rockefeller Financial Services Inc. increased its stake in Mondelez International by 300.0% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Mondelez International by 8.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock worth $176,000 after purchasing an additional 311 shares in the last quarter. Institutional investors own 75.86% of the company’s stock.

In other Mondelez International news, Director Lewis W. K. Booth purchased 1,500 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $41.29 per share, with a total value of $61,935.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the sale, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

A number of research firms recently issued reports on MDLZ. BidaskClub raised Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday. Royal Bank Of Canada reissued a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Susquehanna Bancshares set a $45.00 target price on Mondelez International and gave the stock a “hold” rating in a research note on Monday, October 30th. Zacks Investment Research cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $55.00 price target on shares of Mondelez International in a research note on Wednesday, September 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $49.40.

Shares of Mondelez International, Inc. (MDLZ) opened at $42.68 on Friday. Mondelez International, Inc. has a twelve month low of $39.19 and a twelve month high of $47.23. The stock has a market capitalization of $63,780.00, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.79 and a beta of 0.98. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter last year, the firm posted $0.52 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. equities research analysts expect that Mondelez International, Inc. will post 2.14 earnings per share for the current fiscal year.

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Mondelez International Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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