Glovista Investments LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 41.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,127 shares of the company’s stock after acquiring an additional 5,300 shares during the quarter. Glovista Investments LLC’s holdings in Mondelez International were worth $783,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its holdings in shares of Mondelez International by 637.3% in the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after purchasing an additional 1,963 shares during the last quarter. V Wealth Management LLC acquired a new stake in shares of Mondelez International in the second quarter valued at approximately $116,000. Acrospire Investment Management LLC increased its holdings in shares of Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after purchasing an additional 2,900 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after purchasing an additional 3,434 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Mondelez International by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after purchasing an additional 311 shares during the last quarter. Institutional investors and hedge funds own 76.41% of the company’s stock.
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In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lewis W. K. Booth purchased 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average cost of $41.29 per share, with a total value of $61,935.00. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company’s stock.
Mondelez International, Inc. (NASDAQ:MDLZ) opened at $42.05 on Tuesday. The stock has a market capitalization of $62,689.57, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.73 and a beta of 0.98. Mondelez International, Inc. has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last released its earnings results 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 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 revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. research analysts anticipate that Mondelez International, Inc. will post 2.14 EPS for the current year.
Several research firms recently commented on MDLZ. UBS AG reaffirmed a “buy” rating and issued a $49.00 price target on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley cut their price target on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 13th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $53.00 price target on shares of Mondelez International in a report on Tuesday, October 3rd. Buckingham Research cut their target price on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. Finally, Piper Jaffray Companies raised Mondelez International from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $48.00 to $49.00 in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mondelez International has an average rating of “Buy” and an average price target of $49.40.
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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