Cognios Capital LLC lessened its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 5.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 42,686 shares of the company’s stock after selling 2,264 shares during the period. Cognios Capital LLC’s holdings in Mondelez International were worth $1,834,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Quad Cities Investment Group LLC acquired a new position in Mondelez International in the 2nd quarter valued at approximately $111,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Mondelez International in the 3rd quarter valued at approximately $129,000. Kaizen Advisory LLC raised its holdings in Mondelez International by 131.7% in the 2nd quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock valued at $139,000 after acquiring an additional 1,925 shares in the last quarter. BKS Advisors LLC acquired a new position in Mondelez International in the 3rd quarter valued at approximately $141,000. Finally, Sun Life Financial INC raised its holdings in Mondelez International by 1,312.4% in the 2nd quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock valued at $164,000 after acquiring an additional 3,714 shares in the last quarter. 74.78% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Daniel P. Myers sold 27,963 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total value of $1,214,712.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Maurizio Brusadelli sold 7,381 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $43.74, for a total value of $322,844.94. Following the completion of the sale, the executive vice president now owns 73,959 shares in the company, valued at $3,234,966.66. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
MDLZ has been the subject of several recent research reports. UBS Group set a $51.00 price target on Mondelez International and gave the company a “buy” rating in a report on Monday, September 24th. Morgan Stanley initiated coverage on Mondelez International in a report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 price target for the company. Credit Suisse Group set a $48.00 price target on Mondelez International and gave the company a “buy” rating in a report on Thursday, September 6th. Royal Bank of Canada cut their price target on Mondelez International to $51.00 and set an “outperform” rating for the company in a report on Monday, July 16th. Finally, BidaskClub raised Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, September 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Mondelez International has a consensus rating of “Buy” and a consensus target price of $49.08.
MDLZ stock opened at $42.37 on Friday. Mondelez International Inc has a 1-year low of $37.42 and a 1-year high of $46.54. The company has a market capitalization of $61.77 billion, a PE ratio of 19.80, a P/E/G ratio of 1.90 and a beta of 0.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.37 and a current ratio of 0.56.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Monday, October 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. The company had revenue of $6.29 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue was down 3.7% compared to the same quarter last year. Analysts forecast that Mondelez International Inc will post 2.43 earnings per share for the current year.
Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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