IFP Advisors Inc Decreases Position in Mondelez International, Inc. (MDLZ)

IFP Advisors Inc decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,152 shares of the company’s stock after selling 5,606 shares during the quarter. IFP Advisors Inc’s holdings in Mondelez International were worth $2,405,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MDLZ. Proficio Capital Partners LLC raised its position in Mondelez International by 637.3% during the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after acquiring an additional 1,963 shares in the last quarter. Acrospire Investment Management LLC raised its position in Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after acquiring an additional 2,900 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after acquiring an additional 3,434 shares in the last quarter. Rockefeller Financial Services Inc. raised its position in Mondelez International by 300.0% during the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Mondelez International by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after acquiring an additional 311 shares in the last quarter. 75.86% of the stock is owned by hedge funds and other institutional investors.

Shares of Mondelez International, Inc. (MDLZ) opened at $43.11 on Tuesday. The company has a market capitalization of $64,139.13, a P/E ratio of 20.94, a PEG ratio of 1.77 and a beta of 0.98. Mondelez International, Inc. has a 12-month low of $39.19 and a 12-month high of $47.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. sell-side analysts anticipate that Mondelez International, Inc. will post 2.14 EPS for the current fiscal year.

In related news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares in the company, valued at $858,307.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lewis W. K. Booth purchased 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average price of $41.29 per share, with a total value of $61,935.00. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by insiders.

Several brokerages recently weighed in on MDLZ. UBS reiterated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research report on Wednesday, August 9th. Morgan Stanley cut their price objective on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. J P Morgan Chase & Co boosted their price objective on Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Finally, BMO Capital Markets restated a “buy” rating and issued a $48.00 price objective on shares of Mondelez International in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and a consensus target price of $49.40.

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Mondelez International Company 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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