Mondelez International, Inc. $MDLZ Stock Bought by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 164,192 shares of the company’s stock after buying an additional 15,290 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Mondelez International were worth $9,494,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Great Lakes Advisors LLC acquired a new stake in Mondelez International during the second quarter worth about $74,341,000. Junto Capital Management LP bought a new position in Mondelez International in the second quarter worth about $53,549,000. Dimensional Fund Advisors LP lifted its holdings in Mondelez International by 10.8% in the first quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company’s stock worth $543,900,000 after acquiring an additional 916,235 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Mondelez International in the third quarter valued at approximately $52,335,000. Finally, Wellington Management Group LLP boosted its stake in Mondelez International by 179.7% in the second quarter. Wellington Management Group LLP now owns 1,047,680 shares of the company’s stock valued at $60,598,000 after acquiring an additional 673,098 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.2%

MDLZ stock opened at $66.70 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.62 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $68.75. The firm’s 50-day simple moving average is $62.35 and its 200 day simple moving average is $60.70. The stock has a market cap of $84.43 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.65 and a beta of 0.34.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Friday, October 30th. TD Cowen increased their price target on Mondelez International from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Stifel Nicolaus set a $74.00 price target on Mondelez International in a report on Friday, October 30th. JPMorgan Chase & Co. reduced their price objective on Mondelez International from $72.00 to $71.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Finally, UBS Group restated a “neutral” rating and set a $72.00 price objective on shares of Mondelez International in a research note on Monday, November 2nd. 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.30.

Insider Activity at Mondelez International

In other Mondelez International news, CEO Dirk Van de Put sold 20,899 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $90,240,978.64. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 392,150 shares of company stock valued at $25,893,046 in the last quarter. 0.45% of the stock is currently owned by company insiders.

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.