King Luther Capital Management Corp Sells 13,211 Shares of Mondelez International, Inc. $MDLZ

King Luther Capital Management Corp cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 195,679 shares of the company’s stock after selling 13,211 shares during the period. King Luther Capital Management Corp’s holdings in Mondelez International were worth $11,314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Deutsche Bank AG boosted its holdings in Mondelez International by 1.1% in the second quarter. Deutsche Bank AG now owns 13,016,006 shares of the company’s stock valued at $752,846,000 after acquiring an additional 140,351 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Mondelez International by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company’s stock valued at $543,900,000 after purchasing an additional 916,235 shares during the period. Bank of New York Mellon Corp raised its holdings in Mondelez International by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 8,458,056 shares of the company’s stock worth $487,522,000 after purchasing an additional 106,636 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Mondelez International by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,777,181 shares of the company’s stock worth $218,472,000 after purchasing an additional 25,926 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Mondelez International by 6.8% in the 1st quarter. Swiss National Bank now owns 3,786,924 shares of the company’s stock worth $218,278,000 after purchasing an additional 241,100 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research reports. TD Cowen lifted their target price on shares of Mondelez International from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, October 30th. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $72.00 to $71.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. UBS Group reissued a “neutral” rating and issued a $72.00 price target on shares of Mondelez International in a research note on Monday, November 2nd. HSBC raised their price objective on shares of Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Freedom Broker raised Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Friday, October 30th. Seventeen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $69.30.

Insider Buying and Selling

In other news, CEO Dirk Van de Put sold 20,899 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $68.03, for a total value of $1,421,758.97. Following the sale, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at approximately $90,240,978.64. This represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 392,150 shares of company stock valued at $25,893,046 over the last 90 days. Insiders own 0.45% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $66.56 on Friday. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $68.75. The company has a 50 day simple moving average of $62.43 and a two-hundred day simple moving average of $60.74. The company has a market capitalization of $84.25 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 2.65 and a beta of 0.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.07. The company had revenue of $9.97 billion during 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 firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.73 EPS. Analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Profile

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.