BT Investment Management Ltd Acquires New Stake in Mondelez International, Inc. (MDLZ)

BT Investment Management Ltd bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 10,427 shares of the company’s stock, valued at approximately $450,000.

A number of other large investors have also modified their holdings of MDLZ. Proficio Capital Partners LLC lifted its stake in shares of Mondelez International by 637.3% in the 1st quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after acquiring an additional 1,963 shares during the period. V Wealth Management LLC acquired a new stake in shares of Mondelez International in the 2nd quarter worth $116,000. Assetmark Inc. lifted its stake in shares of Mondelez International by 13.5% in the 1st quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after acquiring an additional 401 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of Mondelez International by 2,056.3% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after acquiring an additional 3,434 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Mondelez International by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock worth $176,000 after acquiring an additional 311 shares during the period. Hedge funds and other institutional investors own 75.42% of the company’s stock.

In other news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the transaction, the executive vice president now owns 61,651 shares in the company, valued at $2,697,847.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the transaction, the executive vice president now owns 20,965 shares in the company, valued at approximately $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

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Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The company had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year.

MDLZ has been the subject of a number of research analyst reports. UBS AG restated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Tuesday, October 3rd. Royal Bank Of Canada restated a “buy” rating and set a $53.00 target price on shares of Mondelez International in a report on Tuesday, October 3rd. Piper Jaffray Companies restated a “buy” rating and set a $49.00 target price on shares of Mondelez International in a report on Tuesday, September 19th. Finally, Buckingham Research dropped their target price on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $49.40.

Mondelez International Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

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

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