South State CORP. Acquires 2,162 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

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South State CORP. grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% in the third quarter, HoldingsChannel.com reports. The fund owned 193,428 shares of the company’s stock after purchasing an additional 2,162 shares during the period. Mondelez International accounts for about 1.2% of South State CORP.’s investment portfolio, making the stock its 26th largest holding. South State CORP.’s holdings in Mondelez International were worth $11,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MDLZ. Diamond Hill Capital Management Inc. boosted its position in shares of Mondelez International by 63.4% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,605,525 shares of the company’s stock valued at $388,871,000 after acquiring an additional 2,950,571 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Mondelez International by 2,515.4% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 2,966,416 shares of the company’s stock valued at $151,672,000 after acquiring an additional 2,852,993 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Mondelez International by 77.7% during the 2nd quarter. Nordea Investment Management AB now owns 5,285,054 shares of the company’s stock valued at $267,636,000 after acquiring an additional 2,311,734 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Mondelez International during the 3rd quarter valued at about $68,985,000. Finally, Menora Mivtachim Holdings LTD. bought a new stake in shares of Mondelez International during the 3rd quarter valued at about $68,997,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Mondelez International stock traded down $0.46 during trading hours on Friday, reaching $57.14. The company had a trading volume of 4,884,293 shares, compared to its average volume of 7,112,780. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.74 and a quick ratio of 0.36. The company has a 50-day moving average price of $56.60 and a 200 day moving average price of $54.50. The firm has a market cap of $81.72 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 3.10 and a beta of 0.59. Mondelez International, Inc. has a 12-month low of $41.19 and a 12-month high of $59.96.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The business had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.48 billion. Mondelez International had a return on equity of 13.92% and a net margin of 11.99%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS. As a group, research analysts expect that Mondelez International, Inc. will post 2.59 earnings per share for the current year.

A number of analysts have recently issued reports on the company. Guggenheim downgraded Mondelez International from a “buy” rating to a “neutral” rating in a research report on Thursday, October 15th. Smith Barney Citigroup assumed coverage on Mondelez International in a research report on Wednesday. They issued a “buy” rating and a $68.00 target price for the company. Morgan Stanley dropped their target price on Mondelez International from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Tuesday, November 3rd. Credit Suisse Group boosted their target price on Mondelez International from $62.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, BidaskClub downgraded Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $63.00.

Mondelez International Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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

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