Mondelez International, Inc. $MDLZ Stock Purchased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10,827.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 28,192 shares of the company’s stock after acquiring an additional 27,934 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Mondelez International were worth $1,645,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Miller Global Investments LLC bought a new position in shares of Mondelez International in the third quarter worth $26,000. North Point Portfolio Managers Corp OH bought a new stake in Mondelez International during the third quarter worth about $28,000. Compass Financial Management LLC lifted its position in Mondelez International by 79.2% during the third quarter. Compass Financial Management LLC now owns 491 shares of the company’s stock worth $28,000 after purchasing an additional 217 shares during the period. Ballast Advisors LLC acquired a new stake in Mondelez International during the first quarter worth about $34,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Mondelez International during the second quarter worth about $35,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the topic of several recent analyst reports. Stifel Nicolaus set a $74.00 target price on shares of Mondelez International in a report on Friday, October 30th. BTIG Research upped their price target on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research report on Friday, October 30th. Freedom Broker raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Friday, October 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Mondelez International from $72.00 to $71.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $69.30.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $66.02 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The company has a market cap of $84.26 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.63 and a beta of 0.34. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $68.75. The stock has a 50-day moving average price of $62.08 and a two-hundred day moving average price of $60.57.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Thursday, October 29th. The company reported $0.78 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 during the quarter, compared to analysts’ expectations of $9.98 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts forecast that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Insider Transactions at Mondelez International

In related news, CEO Dirk Van de Put sold 133,580 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the completion of the transaction, the chief executive officer directly owned 1,326,488 shares in the company, valued at $85,001,351.04. This represents a 9.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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. 0.45% of the stock is owned by corporate insiders.

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.