First Manhattan Co. Increases Position in Mondelez International Inc (MDLZ)

First Manhattan Co. grew its stake in Mondelez International Inc (NASDAQ:MDLZ) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,381,143 shares of the company’s stock after acquiring an additional 87,903 shares during the quarter. Mondelez International accounts for 0.8% of First Manhattan Co.’s holdings, making the stock its 23rd biggest position. First Manhattan Co. owned 0.23% of Mondelez International worth $145,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in MDLZ. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Mondelez International by 5.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 130,498 shares of the company’s stock valued at $5,433,000 after purchasing an additional 6,256 shares during the period. Verition Fund Management LLC bought a new position in Mondelez International in the 1st quarter worth about $864,000. Robecosam AG increased its stake in Mondelez International by 8.5% in the 1st quarter. Robecosam AG now owns 25,222 shares of the company’s stock worth $1,053,000 after acquiring an additional 1,978 shares during the last quarter. Highbridge Capital Management LLC increased its stake in Mondelez International by 4,426.9% in the 1st quarter. Highbridge Capital Management LLC now owns 225,000 shares of the company’s stock worth $9,389,000 after acquiring an additional 230,200 shares during the last quarter. Finally, Private Capital Group LLC increased its stake in Mondelez International by 483.0% in the 1st quarter. Private Capital Group LLC now owns 3,667 shares of the company’s stock worth $154,000 after acquiring an additional 3,038 shares during the last quarter. 75.00% of the stock is owned by institutional investors.

In other Mondelez International news, EVP Daniel P. Myers sold 27,963 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total transaction of $1,214,712.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Maurizio Brusadelli sold 7,381 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $43.74, for a total value of $322,844.94. Following the sale, the executive vice president now directly owns 73,959 shares in the company, valued at $3,234,966.66. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

A number of equities analysts have weighed in on the company. UBS Group set a $51.00 target price on Mondelez International and gave the stock a “buy” rating in a research note on Monday, September 24th. Morgan Stanley began coverage on Mondelez International in a report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 price objective for the company. Credit Suisse Group set a $48.00 target price on Mondelez International and gave the company a “buy” rating in a report on Thursday, September 6th. DZ Bank upgraded Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, July 27th. Finally, Zacks Investment Research upgraded Mondelez International from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $49.17.

MDLZ stock opened at $43.45 on Wednesday. The firm has a market capitalization of $61.57 billion, a PE ratio of 20.30, a PEG ratio of 1.91 and a beta of 0.75. The company has a current ratio of 0.56, a quick ratio of 0.38 and a debt-to-equity ratio of 0.58. Mondelez International Inc has a 1 year low of $37.42 and a 1 year high of $46.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Monday, October 29th. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. The business had revenue of $6.29 billion for the quarter, compared to analysts’ expectations of $6.32 billion. During the same period last year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts expect that Mondelez International Inc will post 2.43 earnings per share for the current fiscal year.

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Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.

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

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