Arrowstreet Capital Limited Partnership lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 36.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,943,197 shares of the company’s stock after selling 1,674,935 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.20% of Mondelez International worth $127,117,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. grew its holdings in Mondelez International by 194.9% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 93,756 shares of the company’s stock valued at $4,039,000 after purchasing an additional 61,963 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in Mondelez International by 110.9% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 36,912 shares of the company’s stock valued at $1,592,000 after purchasing an additional 19,412 shares during the last quarter. Stifel Financial Corp grew its holdings in Mondelez International by 34.2% during the first quarter. Stifel Financial Corp now owns 974,756 shares of the company’s stock valued at $42,011,000 after purchasing an additional 248,624 shares during the last quarter. SG Americas Securities LLC grew its holdings in Mondelez International by 157.6% during the first quarter. SG Americas Securities LLC now owns 486,911 shares of the company’s stock valued at $20,976,000 after purchasing an additional 297,891 shares during the last quarter. Finally, Clinton Group Inc. acquired a new position in Mondelez International during the first quarter valued at approximately $2,479,000. 76.41% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have commented on MDLZ. BMO Capital Markets reiterated a “buy” rating and set a $48.00 price target on shares of Mondelez International in a report on Thursday, November 2nd. J P Morgan Chase & Co increased their price target on Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Credit Suisse Group increased their price target on Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st. Buckingham Research lowered their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st. Finally, Susquehanna Bancshares Inc set a $45.00 price target on Mondelez International and gave the company a “hold” rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Mondelez International currently has a consensus rating of “Buy” and an average price target of $49.40.
Mondelez International, Inc. (MDLZ) opened at $42.30 on Friday. The company has a market capitalization of $63,212.61, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.75 and a beta of 0.98. Mondelez International, Inc. has a 12-month low of $39.19 and a 12-month high of $47.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. Mondelez International’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $0.52 earnings per share. analysts predict that Mondelez International, Inc. will post 2.14 EPS for the current year.
In other news, Director Lewis W. K. Booth bought 1,500 shares of Mondelez International stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the transaction, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.
Mondelez International Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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