Tremblant Capital Group Stake in Mondelez Intl INC (MDLZ) Cut as Share Price Rose

October 2, 2018 - By Peter Kolinski

Mondelez International, Inc. (NASDAQ:MDLZ) LogoInvestors sentiment decreased to 0.94 in 2018 Q2. Its down 0.10, from 1.04 in 2018Q1. It worsened, as 65 investors sold MDLZ shares while 394 reduced holdings. 91 funds opened positions while 342 raised stakes. 1.05 billion shares or 1.25% less from 1.06 billion shares in 2018Q1 were reported. Van Eck Assocs has invested 0.19% of its portfolio in Mondelez International, Inc. (NASDAQ:MDLZ). First Citizens National Bank And Trust owns 0.24% invested in Mondelez International, Inc. (NASDAQ:MDLZ) for 48,541 shares. Cap Innovations Lc reported 1.3% of its portfolio in Mondelez International, Inc. (NASDAQ:MDLZ). Cetera Advisor Networks Limited Liability Company has invested 0.18% in Mondelez International, Inc. (NASDAQ:MDLZ). Duncker Streett has invested 0.07% of its portfolio in Mondelez International, Inc. (NASDAQ:MDLZ). Calamos Wealth Mgmt Ltd Liability Com invested in 0.09% or 16,926 shares. Pillar Pacific Capital Mngmt Limited Liability Company reported 13,209 shares or 0.06% of all its holdings. M Kraus & Com holds 110,108 shares or 2.83% of its portfolio. Wellington Mngmt Gru Llp has 9.68 million shares. Philadelphia Com holds 0.1% of its portfolio in Mondelez International, Inc. (NASDAQ:MDLZ) for 27,814 shares. Intact Inv Mgmt has 0.19% invested in Mondelez International, Inc. (NASDAQ:MDLZ) for 127,400 shares. Stonebridge Advsr Lc invested in 0.06% or 6,662 shares. Colony Limited Co reported 14,127 shares. Trust Of Toledo Na Oh holds 6,995 shares or 0.08% of its portfolio. Carlson LP holds 0.36% or 628,952 shares.

Since September 12, 2018, it had 0 insider purchases, and 2 insider sales for $1.54 million activity. On Wednesday, September 12 Myers Daniel P. sold $1.21 million worth of Mondelez International, Inc. (NASDAQ:MDLZ) or 27,963 shares.

Tremblant Capital Group decreased its stake in Mondelez Intl Inc (MDLZ) by 29.38% based on its latest 2018Q2 regulatory filing with the SEC. Tremblant Capital Group sold 513,570 shares as the company’s stock rose 8.00% with the market. The hedge fund held 1.23M shares of the consumer non-durables company at the end of 2018Q2, valued at $50.61 million, down from 1.75M at the end of the previous reported quarter. Tremblant Capital Group who had been investing in Mondelez Intl Inc for a number of months, seems to be less bullish one the $63.56B market cap company. The stock increased 1.19% or $0.5117 during the last trading session, reaching $43.3417. About 2.46M shares traded. Mondelez International, Inc. (NASDAQ:MDLZ) has risen 5.78% since October 2, 2017 and is uptrending. It has underperformed by 9.84% the S&P500.

Tremblant Capital Group, which manages about $3.75B and $1.70 billion US Long portfolio, upped its stake in Melco Resort Entertainment L (NASDAQ:MPEL) by 169,329 shares to 1.66 million shares, valued at $46.49 million in 2018Q2, according to the filing. It also increased its holding in Red Hat Inc (Call) (NYSE:RHT) by 85,999 shares in the quarter, for a total of 350,300 shares, and has risen its stake in Melco Resort Entertainment L (Call) (NASDAQ:MPEL).

Analysts await Mondelez International, Inc. (NASDAQ:MDLZ) to report earnings on October, 29. They expect $0.61 EPS, up 7.02 % or $0.04 from last year’s $0.57 per share. MDLZ’s profit will be $894.60 million for 17.76 P/E if the $0.61 EPS becomes a reality. After $0.56 actual EPS reported by Mondelez International, Inc. for the previous quarter, Wall Street now forecasts 8.93 % EPS growth.

More recent Mondelez International, Inc. (NASDAQ:MDLZ) news were published by: Nasdaq.com which released: “Mondelez International Employees Journey to Cocoa Life Communities for Skills-Exchange Mission” on September 19, 2018. Also Seekingalpha.com published the news titled: “Mondelez International (MDLZ) Investor Presentation – Slideshow” on September 10, 2018. Bizjournals.com‘s news article titled: “How Oreo is celebrating Mickey Mouse’s 90th birthday” with publication date: September 21, 2018 was also an interesting one.

Mondelez International, Inc. (NASDAQ:MDLZ) Ratings Coverage

Among 9 analysts covering Mondelez International (NASDAQ:MDLZ), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Mondelez International had 11 analyst reports since April 16, 2018 according to SRatingsIntel. Wells Fargo maintained it with “Outperform” rating and $52 target in Wednesday, September 5 report. As per Monday, July 23, the company rating was maintained by JP Morgan. Credit Suisse maintained it with “Buy” rating and $4800 target in Monday, April 16 report. The firm earned “Equal-Weight” rating on Monday, September 17 by Morgan Stanley. Morgan Stanley maintained Mondelez International, Inc. (NASDAQ:MDLZ) on Wednesday, May 2 with “Overweight” rating. The firm has “Hold” rating given on Wednesday, May 2 by Stifel Nicolaus. The company was upgraded on Friday, July 27 by DZ Bank. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, April 24. The firm has “Buy” rating given on Thursday, July 26 by UBS. UBS maintained the stock with “Buy” rating in Wednesday, June 20 report.

Mondelez International, Inc. (NASDAQ:MDLZ) Institutional Positions Chart

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