Stifel Financial Corp boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,013,611 shares of the company’s stock after purchasing an additional 38,855 shares during the period. Stifel Financial Corp owned about 0.07% of Mondelez International worth $43,790,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MDLZ. Proficio Capital Partners LLC increased its holdings in 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 period. V Wealth Management LLC acquired a new stake in Mondelez International in the second quarter valued at $116,000. Acrospire Investment Management LLC increased its holdings 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 valued at $134,000 after purchasing an additional 2,900 shares during the period. Chicago Partners Investment Group LLC increased its holdings 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 valued at $157,000 after purchasing an additional 3,434 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in 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 period. Institutional investors and hedge funds own 75.62% of the company’s stock.
In other news, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is owned by corporate insiders.
A number of analysts recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $53.00 price objective (down from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Piper Jaffray Companies upgraded Mondelez International from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $48.00 to $49.00 in a report on Tuesday, July 25th. UBS AG reaffirmed a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Finally, Morgan Stanley cut their price target on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $49.40.
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Mondelez International, Inc. (NASDAQ MDLZ) opened at $41.95 on Friday. The stock has a market cap of $62,689.57, a PE ratio of 20.46, a PEG ratio of 1.73 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, Inc. has a 1 year low of $39.19 and a 1 year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The company had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. research analysts forecast that Mondelez International, Inc. will post 2.14 earnings per share for the current fiscal year.
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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