Probity Advisors Inc. Sells 1,919 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Probity Advisors Inc. reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 13.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,519 shares of the company’s stock after selling 1,919 shares during the period. Probity Advisors Inc.’s holdings in Mondelez International were worth $830,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FSB Premier Wealth Management Inc. acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $27,000. Sierra Capital LLC grew its position in shares of Mondelez International by 1,151.4% in the fourth quarter. Sierra Capital LLC now owns 438 shares of the company’s stock valued at $29,000 after purchasing an additional 403 shares during the last quarter. Shore Point Advisors LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $29,000. Elmwood Wealth Management Inc. acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $35,000. Finally, MCF Advisors LLC grew its position in shares of Mondelez International by 206.4% in the third quarter. MCF Advisors LLC now owns 530 shares of the company’s stock valued at $31,000 after purchasing an additional 357 shares during the last quarter. Institutional investors own 77.10% of the company’s stock.

NASDAQ MDLZ traded up $0.70 during trading on Friday, reaching $66.38. 7,884,165 shares of the company traded hands, compared to its average volume of 8,457,430. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.48 and a current ratio of 0.68. The stock’s 50 day moving average price is $63.37 and its two-hundred day moving average price is $64.12. The company has a market cap of $91.86 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 3.22 and a beta of 0.64. Mondelez International, Inc. has a 1-year low of $57.63 and a 1-year high of $69.47.

Mondelez International (NASDAQ:MDLZGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Mondelez International had a return on equity of 14.72% and a net margin of 14.34%. The company had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.47 billion. During the same period in the previous year, the business earned $0.77 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts expect that Mondelez International, Inc. will post 2.98 EPS for the current fiscal year.

In other Mondelez International news, EVP Maurizio Brusadelli sold 26,500 shares of Mondelez International stock in a transaction on Friday, February 25th. The shares were sold at an average price of $65.09, for a total transaction of $1,724,885.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robin S. Hargrove sold 30,500 shares of Mondelez International stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $65.86, for a total transaction of $2,008,730.00. Following the sale, the executive vice president now directly owns 32,024 shares of the company’s stock, valued at approximately $2,109,100.64. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

Several brokerages have recently issued reports on MDLZ. Credit Suisse Group began coverage on Mondelez International in a research report on Tuesday, April 12th. They issued an “outperform” rating and a $70.00 price target on the stock. Mizuho decreased their target price on Mondelez International from $77.00 to $75.00 in a research report on Wednesday, April 27th. BMO Capital Markets lifted their target price on Mondelez International from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, January 31st. JPMorgan Chase & Co. decreased their target price on Mondelez International from $75.00 to $72.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 22nd. Finally, Morgan Stanley decreased their target price on Mondelez International from $73.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 13th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Mondelez International has a consensus rating of “Buy” and a consensus price target of $72.55.

Mondelez International Profile (Get Rating)

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

See Also

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

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