Lindsell Train Ltd Sells 284,386 Shares of Mondelez International, Inc. $MDLZ

Lindsell Train Ltd lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,281,067 shares of the company’s stock after selling 284,386 shares during the period. Mondelez International accounts for about 6.3% of Lindsell Train Ltd’s holdings, making the stock its 6th biggest position. Lindsell Train Ltd’s holdings in Mondelez International were worth $145,891,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Platform Technology Partners boosted its position in shares of Mondelez International by 11.6% during the third quarter. Platform Technology Partners now owns 8,757 shares of the company’s stock valued at $506,000 after buying an additional 908 shares during the last quarter. Quest 10 Wealth Builders Inc. increased its holdings in Mondelez International by 146.9% during the third quarter. Quest 10 Wealth Builders Inc. now owns 874 shares of the company’s stock worth $51,000 after buying an additional 520 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $54,000. Chicago Partners Investment Group LLC lifted its position in shares of Mondelez International by 19.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 8,568 shares of the company’s stock valued at $547,000 after buying an additional 1,421 shares during the last quarter. Finally, Ascent Group LLC lifted its stake in shares of Mondelez International by 31.4% during the 3rd quarter. Ascent Group LLC now owns 31,786 shares of the company’s stock valued at $1,838,000 after buying an additional 7,599 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Insider Transactions at Mondelez International

In other news, CEO Dirk Van de Put sold 133,580 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the transaction, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at approximately $85,001,351.04. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. TD Cowen lifted their price target on Mondelez International from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, October 30th. JPMorgan Chase & Co. dropped their price objective on Mondelez International from $72.00 to $71.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Freedom Broker upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Friday, October 30th. HSBC lifted their target price on Mondelez International from $71.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $66.00 price target on shares of Mondelez International in a research report on Monday, October 26th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.30.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $66.82 on Friday. The business has a 50 day moving average of $62.00 and a 200 day moving average of $60.53. The company has a market capitalization of $85.28 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.68 and a beta of 0.34. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $68.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.62 and a quick ratio of 0.42.

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

About Mondelez International

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.