Shelton Capital Management trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 40.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,084 shares of the company’s stock after selling 85,344 shares during the period. Shelton Capital Management’s holdings in Mondelez International were worth $5,532,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Simmons Bank increased its stake in Mondelez International by 0.3% in the first quarter. Simmons Bank now owns 6,265 shares of the company’s stock valued at $269,000 after purchasing an additional 20 shares in the last quarter. Northwest Quadrant Wealth Management LLC increased its stake in Mondelez International by 0.4% in the second quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock valued at $309,000 after purchasing an additional 30 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in Mondelez International by 0.4% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock valued at $447,000 after purchasing an additional 38 shares in the last quarter. Choate Investment Advisors increased its stake in Mondelez International by 0.4% in the first quarter. Choate Investment Advisors now owns 10,430 shares of the company’s stock valued at $449,000 after purchasing an additional 41 shares in the last quarter. Finally, Needelman Asset Management Inc. increased its stake in Mondelez International by 0.3% in the second quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock valued at $736,000 after purchasing an additional 45 shares in the last quarter. 76.41% of the stock is owned by institutional investors and hedge funds.
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In other news, Director Lewis W. K. Booth purchased 1,500 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $41.29 per share, for a total transaction of $61,935.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction on Tuesday, September 12th. The shares were 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 owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
Mondelez International, Inc. (NASDAQ:MDLZ) opened at $42.19 on Friday. Mondelez International, Inc. has a 1-year low of $39.19 and a 1-year high of $47.23. The company has a market cap 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. 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 (NASDAQ:MDLZ) last announced its earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. analysts forecast that Mondelez International, Inc. will post 2.14 EPS for the current fiscal year.
Several equities research analysts have commented on MDLZ shares. Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and upped their target price for the company from $48.00 to $49.00 in a research note on Tuesday, July 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $53.00 price target (down previously from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. UBS AG reiterated a “buy” rating and issued a $51.00 price target on shares of Mondelez International in a report on Thursday, August 3rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $55.00 price target on shares of Mondelez International in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target 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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