LaSalle Street Capital Management LLC lessened its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 55.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,758 shares of the company’s stock after selling 17,417 shares during the quarter. LaSalle Street Capital Management LLC’s holdings in Mondelez International were worth $591,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BLB&B Advisors LLC boosted its position in shares of Mondelez International by 2.8% during the 3rd quarter. BLB&B Advisors LLC now owns 47,024 shares of the company’s stock worth $2,020,000 after purchasing an additional 1,285 shares in the last quarter. Investec Asset Management PTY Ltd bought a new position in shares of Mondelez International during the 2nd quarter worth about $1,529,000. First Manhattan Co. boosted its position in shares of Mondelez International by 2.7% during the 3rd quarter. First Manhattan Co. now owns 3,381,143 shares of the company’s stock worth $145,253,000 after purchasing an additional 87,903 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Mondelez International by 1.2% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 164,839 shares of the company’s stock worth $7,081,000 after purchasing an additional 1,994 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Mondelez International by 17.4% during the 2nd quarter. Captrust Financial Advisors now owns 54,093 shares of the company’s stock worth $2,229,000 after purchasing an additional 8,028 shares in the last quarter. 75.51% of the stock is currently owned by institutional investors.

MDLZ opened at $43.48 on Thursday. 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 fifty-two week low of $37.42 and a fifty-two week high of $46.54. The stock has a market capitalization of $64.62 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 2.03 and a beta of 0.75.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Monday, October 29th. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. Mondelez International had a net margin of 12.46% and a return on equity of 13.71%. The company had revenue of $6.29 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. Equities analysts forecast that Mondelez International Inc will post 2.43 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on MDLZ shares. BidaskClub raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. UBS Group set a $51.00 price objective on shares of Mondelez International and gave the stock a “buy” rating in a research report on Monday, September 24th. Morgan Stanley initiated coverage on shares of Mondelez International in a report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 target price on the stock. Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a report on Tuesday, October 30th. Finally, Credit Suisse Group set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a report on Thursday, September 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Mondelez International presently has an average rating of “Hold” and a consensus target price of $49.17.

In other Mondelez International news, EVP Daniel P. Myers sold 27,963 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total value of $1,214,712.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurizio Brusadelli sold 7,381 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $43.74, for a total transaction of $322,844.94. Following the completion of the sale, the executive vice president now owns 73,959 shares of the company’s stock, valued at approximately $3,234,966.66. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

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Mondelez International 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.

See Also: Stock Split

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

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