Victory Capital Management Inc. Has $64.43 Million Stake in Mondelez International Inc (MDLZ)

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Victory Capital Management Inc. grew its stake in Mondelez International Inc (NASDAQ:MDLZ) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,499,670 shares of the company’s stock after acquiring an additional 8,904 shares during the quarter. Victory Capital Management Inc.’s holdings in Mondelez International were worth $64,426,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Investec Asset Management PTY Ltd acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $1,529,000. BLB&B Advisors LLC boosted its holdings in shares of Mondelez International by 2.8% in the 3rd quarter. BLB&B Advisors LLC now owns 47,024 shares of the company’s stock worth $2,020,000 after acquiring an additional 1,285 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Mondelez International by 17.4% in the 2nd quarter. Captrust Financial Advisors now owns 54,093 shares of the company’s stock worth $2,229,000 after acquiring an additional 8,028 shares in the last quarter. Motco boosted its holdings in shares of Mondelez International by 2.7% in the 2nd quarter. Motco now owns 106,391 shares of the company’s stock worth $4,362,000 after acquiring an additional 2,827 shares in the last quarter. Finally, First Manhattan Co. boosted its holdings in shares of Mondelez International by 2.7% in the 3rd quarter. First Manhattan Co. now owns 3,381,143 shares of the company’s stock worth $145,253,000 after acquiring an additional 87,903 shares in the last quarter. Institutional investors own 75.00% of the company’s stock.

Several research analysts have issued reports on the company. BidaskClub downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. DZ Bank raised Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, July 27th. UBS Group upped their price objective on Mondelez International from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. ValuEngine raised Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, July 14th. Finally, Credit Suisse Group set a $48.00 price objective on Mondelez International and gave the stock a “buy” rating in a report on Thursday, September 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Mondelez International presently has an average rating of “Hold” and a consensus target price of $49.17.

In other Mondelez International news, EVP Daniel P. Myers sold 27,963 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total transaction of $1,214,712.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurizio Brusadelli sold 7,381 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $43.74, for a total transaction of $322,844.94. Following the sale, the executive vice president now owns 73,959 shares of the company’s stock, valued at approximately $3,234,966.66. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

NASDAQ:MDLZ opened at $43.45 on Wednesday. Mondelez International Inc has a 52-week low of $37.42 and a 52-week high of $46.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.38 and a current ratio of 0.56. The firm has a market cap of $61.57 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.91 and a beta of 0.75.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Monday, October 29th. The company reported $0.62 EPS for the quarter, beating the 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 net margin of 12.46% and a return on equity of 13.71%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. On average, analysts expect that Mondelez International Inc will post 2.43 earnings per share for the current year.

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Mondelez International 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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