Municipal Employees Retirement System of Michigan decreased its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 21.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,950 shares of the company’s stock after selling 10,880 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Mondelez International were worth $1,584,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. Homrich & Berg boosted its holdings in Mondelez International by 1.9% in the first quarter. Homrich & Berg now owns 10,560 shares of the company’s stock worth $455,000 after purchasing an additional 196 shares during the last quarter. Boston Financial Mangement LLC boosted its holdings in Mondelez International by 8.8% in the first quarter. Boston Financial Mangement LLC now owns 9,661 shares of the company’s stock worth $416,000 after purchasing an additional 783 shares during the last quarter. Stephens Inc. AR boosted its holdings in Mondelez International by 30.6% in the first quarter. Stephens Inc. AR now owns 24,709 shares of the company’s stock worth $1,064,000 after purchasing an additional 5,792 shares during the last quarter. Godshalk Welsh Capital Management Inc. boosted its holdings in Mondelez International by 0.4% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 26,750 shares of the company’s stock worth $1,152,000 after purchasing an additional 100 shares during the last quarter. Finally, Israel Discount Bank of New York purchased a new stake in Mondelez International in the first quarter worth approximately $704,000. Hedge funds and other institutional investors own 75.86% of the company’s stock.
In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.60% of the company’s stock.
Mondelez International Inc (NASDAQ:MDLZ) opened at $42.88 on Wednesday. Mondelez International Inc has a 52 week low of $39.19 and a 52 week high of $47.23. The company has a market cap of $64,064.41, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. 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 issued its quarterly earnings data on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping 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 business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period last year, the company posted $0.52 EPS. The business’s revenue was up 2.1% on a year-over-year basis. sell-side analysts anticipate that Mondelez International Inc will post 2.14 earnings per share for the current fiscal year.
MDLZ has been the topic of several research reports. Royal Bank of Canada restated a “buy” rating on shares of Mondelez International in a report on Friday, September 1st. Piper Jaffray Companies reiterated a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research note on Tuesday, September 19th. Sanford C. Bernstein reiterated an “outperform” rating and set a $55.00 price target on shares of Mondelez International in a research note on Wednesday, September 20th. Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Tuesday, October 3rd. Finally, Morgan Stanley dropped 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 note on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Mondelez International has a consensus rating of “Buy” and a consensus price target of $49.40.
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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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