Mondelez International, Inc. $MDLZ Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 41.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,216 shares of the company’s stock after purchasing an additional 8,501 shares during the period. Verdence Capital Advisors LLC’s holdings in Mondelez International were worth $1,689,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MDLZ. Flagship Harbor Advisors LLC lifted its stake in Mondelez International by 3.9% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 8,049 shares of the company’s stock worth $465,000 after acquiring an additional 299 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its position in Mondelez International by 11.2% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 4,485 shares of the company’s stock worth $259,000 after acquiring an additional 451 shares during the period. Summit Place Financial Advisors LLC acquired a new stake in Mondelez International during the 3rd quarter worth about $310,000. Meridian Financial Partners LLC purchased a new position in Mondelez International during the 3rd quarter valued at about $201,000. Finally, Simplicity Wealth LLC grew its stake in Mondelez International by 9.7% during the 3rd quarter. Simplicity Wealth LLC now owns 14,566 shares of the company’s stock valued at $842,000 after acquiring an additional 1,291 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MDLZ. Weiss Ratings upgraded Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mondelez International from $58.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th. HSBC upped their price objective on shares of Mondelez International from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. BTIG Research increased their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, UBS Group increased their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $68.91.

Insiders Place Their Bets

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the transaction, the chief executive officer directly owned 1,326,488 shares in the company, valued at $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by company insiders.

Mondelez International Stock Down 0.8%

MDLZ stock opened at $61.87 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The company has a fifty day simple moving average of $61.81 and a 200 day simple moving average of $60.25. The firm has a market cap of $78.97 billion, a PE ratio of 22.75, a PEG ratio of 2.47 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. Mondelez International’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 earnings per share. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

About Mondelez International

Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.