Veracity Capital LLC Has $260,000 Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Veracity Capital LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 28.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,473 shares of the company’s stock after acquiring an additional 992 shares during the period. Veracity Capital LLC’s holdings in Mondelez International were worth $260,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. IFM Investors Pty Ltd increased its position in shares of Mondelez International by 21.9% during the second quarter. IFM Investors Pty Ltd now owns 189,180 shares of the company’s stock worth $11,812,000 after buying an additional 34,037 shares during the period. JustInvest LLC increased its position in shares of Mondelez International by 18.7% during the second quarter. JustInvest LLC now owns 26,670 shares of the company’s stock worth $1,665,000 after buying an additional 4,195 shares during the period. InterOcean Capital Group LLC increased its position in shares of Mondelez International by 4.3% during the second quarter. InterOcean Capital Group LLC now owns 596,769 shares of the company’s stock worth $37,262,000 after buying an additional 24,477 shares during the period. CHICAGO TRUST Co NA increased its position in shares of Mondelez International by 13.1% during the third quarter. CHICAGO TRUST Co NA now owns 18,865 shares of the company’s stock worth $1,098,000 after buying an additional 2,181 shares during the period. Finally, National Pension Service increased its position in shares of Mondelez International by 1.3% during the second quarter. National Pension Service now owns 1,909,470 shares of the company’s stock worth $119,227,000 after buying an additional 23,868 shares during the period. Hedge funds and other institutional investors own 75.37% of the company’s stock.

Several brokerages recently issued reports on MDLZ. Piper Sandler increased their target price on shares of Mondelez International from $69.00 to $71.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 28th. The Goldman Sachs Group lowered shares of Mondelez International from a “conviction-buy” rating to a “buy” rating in a research note on Friday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $71.00 target price on shares of Mondelez International in a research note on Friday, August 6th. Morgan Stanley began coverage on shares of Mondelez International in a research note on Tuesday, September 21st. They issued a “buy” rating and a $69.00 price objective on the stock. Finally, Guggenheim raised their price objective on shares of Mondelez International from $63.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 28th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Buy” and a consensus price target of $68.86.

MDLZ opened at $61.32 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.73 and a quick ratio of 0.53. The company’s 50-day moving average is $60.66 and its 200 day moving average is $62.06. Mondelez International, Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $65.60. The firm has a market capitalization of $85.54 billion, a P/E ratio of 19.59, a PEG ratio of 2.48 and a beta of 0.69.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, November 2nd. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. Mondelez International had a net margin of 15.70% and a return on equity of 14.54%. The company had revenue of $7.18 billion for the quarter, compared to analyst estimates of $7.04 billion. During the same period last year, the firm earned $0.63 earnings per share. On average, equities research analysts expect that Mondelez International, Inc. will post 2.89 earnings per share for the current year.

In related news, Director Peter W. May sold 1,250,000 shares of the firm’s stock in a transaction dated Tuesday, November 16th. The shares were sold at an average price of $62.66, for a total transaction of $78,325,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Glen Walter sold 6,304 shares of Mondelez International stock in a transaction dated Friday, November 19th. The stock was sold at an average price of $62.49, for a total transaction of $393,936.96. The disclosure for this sale can be found here. Insiders have sold 2,404,366 shares of company stock valued at $150,080,192 in the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

Mondelez International Profile

Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, chocolate, gum & candy, cheese & grocery and meals.

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

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