Keybank National Association OH raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,040,550 shares of the company’s stock after buying an additional 34,038 shares during the quarter. Keybank National Association OH owned about 0.07% of Mondelez International worth $42,309,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. grew its position in shares of Mondelez International by 2.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 45,263 shares of the company’s stock worth $1,840,000 after buying an additional 1,252 shares during the last quarter. Nicolet Bankshares Inc. grew its position in shares of Mondelez International by 18.1% in the 3rd quarter. Nicolet Bankshares Inc. now owns 21,635 shares of the company’s stock worth $880,000 after buying an additional 3,311 shares during the last quarter. Stoneridge Investment Partners LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $10,483,000. Smith Moore & CO. purchased a new position in shares of Mondelez International in the 3rd quarter valued at approximately $245,000. Finally, Klingenstein Fields & Co. LLC lifted its stake in shares of Mondelez International by 199.1% in the 3rd quarter. Klingenstein Fields & Co. LLC now owns 262,619 shares of the company’s stock valued at $10,678,000 after purchasing an additional 174,817 shares during the period. Hedge funds and other institutional investors own 75.86% of the company’s stock.
A number of research analysts have recently commented on MDLZ shares. Royal Bank Of Canada restated a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Piper Jaffray Companies restated a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a research note on Tuesday, September 19th. Sanford C. Bernstein restated an “outperform” rating and issued a $55.00 target price on shares of Mondelez International in a research note on Wednesday, September 20th. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday, October 3rd. Finally, Morgan Stanley lowered their target price on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $49.40.
In related news, Director Lewis W. K. Booth acquired 1,500 shares of the stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction 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 approximately $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.
Mondelez International, Inc. (NASDAQ:MDLZ) opened at $42.65 on Friday. The stock has a market capitalization of $63,735.65, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 1.76 and a beta of 0.98. Mondelez International, Inc. has a one year low of $39.19 and a one year high of $47.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The business 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%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share. equities research analysts forecast that Mondelez International, Inc. will post 2.14 EPS for the current fiscal year.
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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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