Rakuten Investment Management Inc. Buys 31,163 Shares of Mondelez International, Inc. $MDLZ

Rakuten Investment Management Inc. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 341,290 shares of the company’s stock after acquiring an additional 31,163 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Mondelez International were worth $20,245,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MDLZ. Miller Global Investments LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at $26,000. North Point Portfolio Managers Corp OH purchased a new stake in Mondelez International in the third quarter valued at $28,000. Ballast Advisors LLC purchased a new stake in Mondelez International in the first quarter valued at $34,000. C M Bidwell & Associates Ltd. purchased a new stake in Mondelez International in the second quarter valued at $35,000. Finally, Whipplewood Advisors LLC boosted its stake in Mondelez International by 35.5% in the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock valued at $37,000 after acquiring an additional 169 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $67.38 on Thursday. The company has a 50-day simple moving average of $61.93 and a 200-day simple moving average of $60.48. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $68.14. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.62. The stock has a market capitalization of $86.00 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.59 and a beta of 0.34.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.07. The firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.98 billion. Mondelez International had a return on equity of 14.18% and a net margin of 10.22%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.73 earnings per share. On average, analysts predict that Mondelez International, Inc. will post 3.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Stifel Nicolaus set a $74.00 price objective on Mondelez International in a report on Friday, October 30th. Freedom Broker raised Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Friday, October 30th. UBS Group reissued a “neutral” rating and issued a $72.00 target price on shares of Mondelez International in a report on Monday. JPMorgan Chase & Co. decreased their target price 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, Deutsche Bank Aktiengesellschaft raised their price target on Mondelez International from $58.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.30.

Insider Buying and Selling at Mondelez International

In other Mondelez International news, CEO Dirk Van de Put sold 129,285 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $66.04, for a total value of $8,537,981.40. Following the transaction, the chief executive officer directly owned 1,197,203 shares of the company’s stock, valued at approximately $79,063,286.12. The trade was a 9.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by corporate insiders.

Mondelez International Profile

Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.