361 Capital LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,556 shares of the company’s stock, valued at approximately $1,536,000.
A number of other large investors have also recently made changes to their positions in the stock. Laurel Wealth Advisors Inc. grew its holdings in shares of Mondelez International by 7.4% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 14,076 shares of the company’s stock valued at $607,000 after acquiring an additional 971 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of Mondelez International by 24.3% during the second quarter. Coldstream Capital Management Inc. now owns 9,692 shares of the company’s stock valued at $419,000 after buying an additional 1,895 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Mondelez International by 2,519.3% during the second quarter. Tower Research Capital LLC TRC now owns 8,539 shares of the company’s stock valued at $369,000 after buying an additional 8,213 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Mondelez International by 463.2% during the second quarter. Cubist Systematic Strategies LLC now owns 193,138 shares of the company’s stock valued at $8,342,000 after buying an additional 158,846 shares during the last quarter. Finally, Point72 Europe London LLP raised its position in shares of Mondelez International by 183.3% during the second quarter. Point72 Europe London LLP now owns 85,000 shares of the company’s stock valued at $3,671,000 after buying an additional 55,000 shares during the last quarter. 75.86% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Lewis W. K. Booth bought 1,500 shares of the stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $41.29 per share, for a total transaction of $61,935.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
Several analysts have weighed in on the stock. UBS reaffirmed a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research note on Wednesday, August 9th. Morgan Stanley cut their target price on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 13th. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. J P Morgan Chase & Co lifted their target price on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price objective on shares of Mondelez International in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $49.40.
Mondelez International, Inc. (MDLZ) traded up $0.34 during trading hours on Wednesday, reaching $43.33. 8,173,098 shares of the company traded hands, compared to its average volume of 7,800,872. Mondelez International, Inc. has a twelve month low of $39.19 and a twelve month high of $47.23. The company has a market capitalization of $64,570.00, a PE ratio of 21.03, a P/E/G ratio of 1.78 and a beta of 0.98. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (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 analyst estimates 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 quarter in the previous year, the firm earned $0.52 EPS. analysts predict that Mondelez International, Inc. will post 2.14 earnings per share for the current fiscal year.
About Mondelez International
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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