The most recent 13F filing that Rathbones Group Plc made with the Securities and Exchange Commission (SEC) revealed that during the third quarter, the company’s interest in Mondelez International, Inc. (NASDAQ: MDLZ) was reduced by 0.5%. Rathbones Group Plc provided this information. After selling 6,859 shares of the company’s stock during the quarter, the institutional shareholder now has a total holding of 1,365,784 shares. This brings the institutional shareholder’s total holdings to 1,365,784 shares. Rathbones Group Plc disclosed in the most recent statement it filed with the SEC that it owned 0.10% of Mondelez International, which at the time was valued at $74,886,000. This information was included in the filing.
Several institutional investors and other hedge funds recently altered the proportion of the company’s stock they owned in response to recent market events. d.b.a. Empirical Financial Services During the third quarter, Empirical Wealth Management completed an increase of 8.0% in the proportion of Mondelez International stock that it owned. d.b.a. Empirical Financial Services Empirical Wealth Management now holds a total of 13,349 shares of the company’s stock, which have a value of $732,000, following the purchase of an additional 992 shares over the past three months. Knowledge Leaders Capital LLC increased its holdings of Mondelez International during the third quarter by investing approximately $431,000 in the company. Rockefeller Capital Management L.P. increased the amount of Mondelez International stock owned by 21.9% during the third quarter. Rockefeller Capital Management L.P. now has a total of 443,060 shares after the purchase of an additional 79,554 shares during the most recent quarter. The combined value of Rockefeller Capital Management L.P.’s holdings in the company is currently $24,291,000. During the third quarter of this fiscal year, Cannell & Company increased their stake in Mondelez International by 0.9%. After purchasing 2,450 additional shares during the most recent quarter of the fiscal year, Cannell & Co. now has a total of 290,677 of the company’s shares, which have a value of $15,938,000. These shares were acquired as part of the most recent transaction. Last but certainly not least, First National Trust Company increased the percentage of Mondelez International stock owned by 2.9% during the third quarter. First National Trust Co. has increased its total holdings in its stock to 39,775 shares, bringing the total value of its holdings to $2,181,000 since the beginning of the most recent quarter. This was accomplished by purchasing an additional 1,135 shares of the company’s stock. Institutional investors hold 75.91% of the company’s shares, making up the total percentage.
On Monday, December 5, Executive Vice President Maurizio Brusadelli of Mondelez International sold 22,388 shares of the company’s stock. This was one of the latest developments about Mondelez International. The stock was sold for a total of $1,512,309.40, with the average price per share coming in at $67.55 and the profit coming in at that level. Following the successful conclusion of the transaction, the executive vice president is now the direct owner of 179,588 shares of the company. The total value of these shares is $12,131,169.40. You might find a filing that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website. Insiders collectively hold 0.32% of the total number of shares in the company.
Recently, the organization has had comments from a wide variety of equity research professionals. In a report distributed on December 8, UBS Group increased its price objective for Mondelez International by $1.00, moving it from $70.00 to $71.00. Despite this modification, the investment firm that evaluated the company provided a recommendation that was changed from “buy” to “neutral” for the stock. Credit Suisse Group decreased their target price on shares of Mondelez International from $70.00 to $67.00 in a research report released on Tuesday, October 18. Despite this change, Credit Suisse Group maintained its “outperform” rating for the company. Wells Fargo & Company published a research note on Mondelez International’s stock on Tuesday, January 3, stating that the company would begin covering the stock of Mondelez International. The market researchers have provided the company with an “overweight” rating and have determined that the stock should reach a price target of $75.00. The Street raised its previous evaluation of Mondelez International from a grade of “c-” to a grade of “b-” in a research report published on Monday, December 12. On Thursday, October 13, Cowen published a research report in which they announced a reduction in their price objective for Mondelez International to $69. The final and most significant adjustment was made here. There are ten equity rese