First Trust Advisors LP Purchases 61,483 Shares of Mondelez International Inc (NASDAQ:MDLZ)

First Trust Advisors LP increased its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 5.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,098,789 shares of the company’s stock after acquiring an additional 61,483 shares during the period. First Trust Advisors LP’s holdings in Mondelez International were worth $60,785,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Mondelez International by 4.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,560 shares of the company’s stock valued at $246,000 after acquiring an additional 187 shares during the last quarter. Bank of Nova Scotia Trust Co. boosted its holdings in shares of Mondelez International by 3.8% in the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 5,072 shares of the company’s stock valued at $273,000 after acquiring an additional 187 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Mondelez International by 28.4% in the 2nd quarter. Earnest Partners LLC now owns 851 shares of the company’s stock valued at $46,000 after acquiring an additional 188 shares during the last quarter. Zeke Capital Advisors LLC boosted its holdings in shares of Mondelez International by 0.7% in the 3rd quarter. Zeke Capital Advisors LLC now owns 27,870 shares of the company’s stock valued at $1,542,000 after acquiring an additional 192 shares during the last quarter. Finally, Ellis Investment Partners LLC boosted its holdings in shares of Mondelez International by 8.7% in the 3rd quarter. Ellis Investment Partners LLC now owns 2,466 shares of the company’s stock valued at $134,000 after acquiring an additional 198 shares during the last quarter. Institutional investors and hedge funds own 76.42% of the company’s stock.

In related news, EVP Vinzenz P. Gruber sold 40,377 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $56.68, for a total transaction of $2,288,568.36. Following the completion of the sale, the executive vice president now directly owns 112,137 shares in the company, valued at $6,355,925.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

Several analysts have recently commented on MDLZ shares. Wells Fargo & Co upped their price objective on shares of Mondelez International from $60.00 to $65.00 and gave the company a “positive” rating in a report on Tuesday, July 23rd. Credit Suisse Group upped their price objective on shares of Mondelez International from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. UBS Group set a $62.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a report on Wednesday, July 31st. Piper Jaffray Companies set a $62.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada began coverage on shares of Mondelez International in a report on Wednesday, October 16th. They set an “outperform” rating and a $66.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $59.29.

Shares of NASDAQ MDLZ opened at $51.73 on Friday. Mondelez International Inc has a 1 year low of $38.78 and a 1 year high of $56.72. The company has a market capitalization of $74.56 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 2.69 and a beta of 0.79. The company’s fifty day moving average price is $53.96 and its 200 day moving average price is $53.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.50.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.04. Mondelez International had a net margin of 15.42% and a return on equity of 13.93%. The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the business earned $0.62 earnings per share. Mondelez International’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts expect that Mondelez International Inc will post 2.47 EPS for the current year.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International Inc (NASDAQ:MDLZ).

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

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