33,410 Mondelez International, Inc. $MDLZ Shares Sold by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 243,721 shares of the company’s stock after selling 33,410 shares during the quarter. Villere ST Denis J & Co. LLC’s holdings in Mondelez International were worth $14,092,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Miller Global Investments LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth approximately $26,000. North Point Portfolio Managers Corp OH bought a new stake in shares of Mondelez International in the third quarter valued at approximately $28,000. Compass Financial Management LLC increased its stake in Mondelez International by 79.2% during the 3rd quarter. Compass Financial Management LLC now owns 491 shares of the company’s stock worth $28,000 after acquiring an additional 217 shares during the period. Ballast Advisors LLC bought a new position in Mondelez International during the 1st quarter worth $34,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Mondelez International in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several analyst reports. Wells Fargo & Company increased their target price on Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Mondelez International from $58.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $75.00 price target on shares of Mondelez International in a report on Friday, October 30th. Stifel Nicolaus set a $74.00 price objective on shares of Mondelez International in a research note on Friday, October 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $66.00 price objective on shares of Mondelez International in a research note on Monday, October 26th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.30.

Mondelez International Price Performance

Mondelez International stock opened at $66.44 on Tuesday. The stock’s 50 day moving average is $62.16 and its 200 day moving average is $60.62. 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 firm has a market cap of $84.80 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.68 and a beta of 0.34. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $68.75.

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

Insider Activity

In other news, CEO Dirk Van de Put sold 133,580 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the transaction, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. The trade was a 9.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 valued at $25,893,046. 0.45% of the stock is currently owned by insiders.

Mondelez International 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.