South Dakota Investment Council increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 130.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 452,848 shares of the company’s stock after buying an additional 256,250 shares during the quarter. South Dakota Investment Council’s holdings in Mondelez International were worth $19,559,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC grew 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 acquiring an additional 1,963 shares in the last quarter. V Wealth Management LLC bought a new position in shares of Mondelez International in the second quarter valued at approximately $116,000. Assetmark Inc. grew its holdings in shares of Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after acquiring an additional 401 shares in the last quarter. Chicago Partners Investment Group LLC grew 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 acquiring an additional 3,434 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Mondelez International by 0.6% during the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after purchasing an additional 24 shares during the period. 75.62% of the stock is owned by hedge funds and other institutional investors.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) traded up $0.60 on Friday, reaching $41.95. 10,149,400 shares of the company’s stock were exchanged, compared to its average volume of 7,831,717. The stock has a market cap of $61,792.94, a price-to-earnings ratio of 20.17, a PEG ratio of 1.71 and a beta of 0.98. 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, Inc. has a 1-year low of $39.19 and a 1-year high of $47.23.
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 analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The firm had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. research analysts expect that Mondelez International, Inc. will post 2.14 earnings per share for the current fiscal year.
MDLZ has been the subject of a number of analyst reports. Piper Jaffray Companies upgraded Mondelez International from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $48.00 to $49.00 in a research report on Tuesday, July 25th. Royal Bank of Canada restated an “outperform” rating and set a $53.00 price target (down previously from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Susquehanna Bancshares Inc restated a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. UBS AG restated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research report on Thursday, August 3rd. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $55.00 price target 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 given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mondelez International currently has a consensus rating of “Buy” and a consensus target price of $49.40.
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In related news, EVP Daniel P. Myers sold 7,000 shares of the company’s 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 completion of the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.60% of the company’s stock.
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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