Prio Wealth Limited Partnership increased its position in Mondelez International Inc (NASDAQ:MDLZ) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 601,322 shares of the company’s stock after buying an additional 8,768 shares during the quarter. Mondelez International comprises approximately 1.2% of Prio Wealth Limited Partnership’s holdings, making the stock its 28th largest position. Prio Wealth Limited Partnership’s holdings in Mondelez International were worth $25,832,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quad Cities Investment Group LLC acquired a new position in shares of Mondelez International during the 2nd quarter valued at about $111,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Mondelez International during the 3rd quarter valued at about $129,000. Kaizen Advisory LLC increased its holdings in shares of Mondelez International by 131.7% during the 2nd quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock valued at $139,000 after acquiring an additional 1,925 shares during the last quarter. BKS Advisors LLC acquired a new position in shares of Mondelez International during the 3rd quarter valued at about $141,000. Finally, Sun Life Financial INC boosted its stake in Mondelez International by 1,312.4% during the 2nd quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock valued at $164,000 after purchasing an additional 3,714 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

MDLZ stock traded down $0.56 during midday trading on Tuesday, reaching $44.47. 8,585,275 shares of the company’s stock traded hands, compared to its average volume of 8,090,432. The stock has a market capitalization of $65.39 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 2.05 and a beta of 0.77. Mondelez International Inc has a 1-year low of $37.42 and a 1-year high of $46.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.56 and a quick ratio of 0.38.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Monday, October 29th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.32 billion. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.57 EPS. On average, equities analysts expect that Mondelez International Inc will post 2.43 earnings per share for the current fiscal year.

A number of analysts have commented on MDLZ shares. BidaskClub upgraded Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. UBS Group set a $51.00 price objective on Mondelez International and gave the stock a “buy” rating in a research report on Monday, September 24th. Morgan Stanley started coverage on Mondelez International in a research report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 price objective for the company. Credit Suisse Group set a $48.00 price objective on Mondelez International and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, Piper Jaffray Companies set a $48.00 target price on Mondelez International and gave the stock a “buy” rating in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $49.17.

In other Mondelez International news, EVP Daniel P. Myers sold 27,963 shares of Mondelez International stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total transaction of $1,214,712.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Maurizio Brusadelli sold 7,381 shares of Mondelez International stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $43.74, for a total value of $322,844.94. Following the transaction, the executive vice president now owns 73,959 shares in the company, valued at $3,234,966.66. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

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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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.

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

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