Halsey Associates Inc. CT bought a new position in shares of Mondelez International Inc (NASDAQ:MDLZ) during the third quarter, Holdings Channel reports. The fund bought 5,458 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds also recently made changes to their positions in MDLZ. Harel Insurance Investments & Financial Services Ltd. bought a new position in Mondelez International during the third quarter worth $129,000. BKS Advisors LLC bought a new position in Mondelez International during the third quarter worth $141,000. Sun Life Financial INC increased its position in Mondelez International by 1,312.4% during the second quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock worth $164,000 after acquiring an additional 3,714 shares during the period. TRUE Private Wealth Advisors bought a new position in Mondelez International during the third quarter worth $167,000. Finally, Stelac Advisory Services LLC bought a new position in Mondelez International during the third quarter worth $183,000. 75.19% of the stock is currently owned by institutional investors and hedge funds.

MDLZ opened at $43.55 on Friday. Mondelez International Inc has a fifty-two week low of $37.42 and a fifty-two week high of $46.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.38 and a current ratio of 0.56. The firm has a market cap of $63.31 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.99 and a beta of 0.77.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly 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 firm had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter in the previous year, the company earned $0.57 earnings per share. The business’s revenue was down 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Mondelez International Inc will post 2.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 14th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.04 dividend on an annualized basis and a yield of 2.39%. Mondelez International’s dividend payout ratio is currently 48.60%.

A number of equities analysts 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 target price on shares of Mondelez International and gave the stock a “buy” rating in a research report on Monday, September 24th. Morgan Stanley started coverage on shares of Mondelez International in a research report on Monday, September 17th. They set an “equal weight” rating and a $47.00 target price on the stock. Credit Suisse Group set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $49.17.

WARNING: “Halsey Associates Inc. CT Takes $234,000 Position in Mondelez International Inc (MDLZ)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2018/12/16/halsey-associates-inc-ct-takes-234000-position-in-mondelez-international-inc-mdlz.html.

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.

Recommended Story: What is a Derivative?

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International Inc (NASDAQ:MDLZ).

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

Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.