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

University of Texas Texas AM Investment Management Co. raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 10,827.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,192 shares of the company’s stock after purchasing 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.

A number of other hedge funds have also recently made changes to their positions in MDLZ. Great Lakes Advisors LLC acquired a new position in shares of Mondelez International in the second quarter valued at approximately $74,341,000. Junto Capital Management LP bought a new position in Mondelez International in the 2nd quarter valued at approximately $53,549,000. Dimensional Fund Advisors LP boosted its position in Mondelez International by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company’s stock worth $543,900,000 after buying an additional 916,235 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Mondelez International during the 3rd quarter worth approximately $52,335,000. Finally, Wellington Management Group LLP boosted its position in Mondelez International by 179.7% during the 2nd quarter. Wellington Management Group LLP now owns 1,047,680 shares of the company’s stock worth $60,598,000 after buying an additional 673,098 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MDLZ shares. Royal Bank Of Canada restated an “outperform” rating and issued a $66.00 price target on shares of Mondelez International in a research report on Monday, October 26th. UBS Group reiterated a “neutral” rating and set a $72.00 price target on shares of Mondelez International in a report on Monday, November 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research note on Friday, October 30th. Stifel Nicolaus set a $74.00 price objective on Mondelez International in a report on Friday, October 30th. Finally, Wells Fargo & Company raised their target price on Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Seventeen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, 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 market capitalization of $84.26 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 2.63 and a beta of 0.34. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.62 and a quick ratio of 0.42. The business’s 50-day moving average is $62.08 and its 200-day moving average is $60.57. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $68.75.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.71 by $0.07. Mondelez International had a return on equity of 14.18% and a net margin of 10.22%. The business had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.98 billion. During the same quarter last year, the firm posted $0.73 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Insider Transactions at Mondelez International

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the transaction, the chief executive officer directly owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 392,150 shares of company stock valued at $25,893,046 over the last quarter. 0.45% of the stock is currently owned by insiders.

Mondelez International Company Profile

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.