AHL Partners LLP trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,913 shares of the company’s stock after selling 21,028 shares during the quarter. AHL Partners LLP’s holdings in Mondelez International were worth $4,185,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in MDLZ. Proficio Capital Partners LLC increased its position in Mondelez International by 637.3% in the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after purchasing an additional 1,963 shares during the period. V Wealth Management LLC acquired a new stake in Mondelez International in the second quarter worth about $116,000. Acrospire Investment Management LLC increased its position in Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after purchasing an additional 2,900 shares during the period. Chicago Partners Investment Group LLC increased its position in 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 worth $157,000 after purchasing an additional 3,434 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in Mondelez International by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock worth $176,000 after purchasing an additional 311 shares during the period. 76.41% of the stock is owned by institutional investors and hedge funds.
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Mondelez International, Inc. (NASDAQ MDLZ) opened at $42.53 on Wednesday. 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, Inc. has a 12-month low of $39.19 and a 12-month high of $47.23. The stock has a market capitalization of $62,839.01, a P/E ratio of 20.51, a P/E/G ratio of 1.74 and a beta of 0.98.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the previous year, the firm earned $0.52 EPS. Mondelez International’s quarterly revenue was up 2.1% compared to the same quarter last year. research analysts anticipate that Mondelez International, Inc. will post 2.14 earnings per share for the current fiscal year.
In related news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $858,307.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lewis W. K. Booth acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $41.29 per share, with a total value of $61,935.00. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by insiders.
MDLZ has been the subject of a number of research reports. Piper Jaffray Companies upgraded Mondelez International from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $48.00 to $49.00 in a research report on Tuesday, July 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $53.00 price objective (down from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. UBS AG reiterated a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research report on Thursday, August 3rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $55.00 price objective on shares of Mondelez International in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $49.40.
Mondelez International Company 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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