Mondelez International, Inc. $MDLZ Shares Sold by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 58.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,392 shares of the company’s stock after selling 11,742 shares during the period. Confluence Wealth Services Inc.’s holdings in Mondelez International were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deutsche Bank AG boosted its position in shares of Mondelez International by 1.1% during the second quarter. Deutsche Bank AG now owns 13,016,006 shares of the company’s stock worth $752,846,000 after acquiring an additional 140,351 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Mondelez International by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company’s stock valued at $543,900,000 after acquiring an additional 916,235 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Mondelez International by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 8,458,056 shares of the company’s stock valued at $487,522,000 after acquiring an additional 106,636 shares in the last quarter. Swiss National Bank grew its stake in Mondelez International by 6.8% during the first quarter. Swiss National Bank now owns 3,786,924 shares of the company’s stock valued at $218,278,000 after acquiring an additional 241,100 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Mondelez International by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,777,181 shares of the company’s stock valued at $218,472,000 after acquiring an additional 25,926 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.2%

Shares of MDLZ opened at $66.56 on Friday. The stock has a market capitalization of $84.25 billion, a PE ratio of 23.00, a P/E/G ratio of 2.65 and a beta of 0.34. The company’s fifty day moving average is $62.43 and its 200 day moving average is $60.74. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.62. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $68.75.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.71 by $0.07. Mondelez International had a net margin of 10.22% and a return on equity of 14.18%. The business had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.98 billion. During the same quarter last year, the business earned $0.73 earnings per share. Mondelez International’s quarterly revenue was up 2.3% compared to the same quarter last year. Sell-side analysts expect that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Dirk Van de Put sold 20,899 shares of the stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $68.03, for a total value of $1,421,758.97. Following the completion of the transaction, the chief executive officer owned 1,326,488 shares of the company’s stock, valued at approximately $90,240,978.64. This trade represents a 1.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 392,150 shares of company stock worth $25,893,046. 0.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. BNP Paribas Exane increased their price objective on shares of Mondelez International from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, October 30th. BTIG Research raised their price objective on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. UBS Group reaffirmed a “neutral” rating and issued a $72.00 target price on shares of Mondelez International in a report on Monday, November 2nd. Finally, Freedom Broker upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Friday, October 30th. Seventeen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.30.

About Mondelez International

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.