Jennison Associates LLC lowered its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,175,365 shares of the company’s stock after selling 46,597 shares during the quarter. Jennison Associates LLC owned approximately 0.28% of Mondelez International worth $169,770,000 at the end of the most recent reporting period.

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

In other news, Director Lewis W. K. Booth acquired 1,500 shares of Mondelez International stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is owned by corporate insiders.

Mondelez International Inc (NASDAQ:MDLZ) opened at $42.87 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $63,740.00, a PE ratio of 20.81, a PEG ratio of 1.76 and a beta of 0.98. Mondelez International Inc has a 52-week low of $39.19 and a 52-week high of $47.23.

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

MDLZ has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated a “buy” rating on shares of Mondelez International in a report on Friday, September 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Tuesday, September 19th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $55.00 price objective on shares of Mondelez International in a report on Wednesday, September 20th. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Tuesday, October 3rd. Finally, Morgan Stanley decreased their target price on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $49.40.

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About Mondelez International

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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