Oregon Public Employees Retirement Fund lowered its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 2.0% in the third quarter, HoldingsChannel reports. The firm owned 161,528 shares of the company’s stock after selling 3,346 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Mondelez International were worth $6,939,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quad Cities Investment Group LLC purchased a new stake in shares of Mondelez International in the second quarter valued at $111,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mondelez International in the third quarter valued at $129,000. Kaizen Advisory LLC lifted its holdings in shares of Mondelez International by 131.7% in the second quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock valued at $139,000 after purchasing an additional 1,925 shares in the last quarter. BKS Advisors LLC purchased a new stake in shares of Mondelez International in the third quarter valued at $141,000. Finally, Sun Life Financial INC lifted its holdings in shares of Mondelez International by 1,312.4% in the second quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock valued at $164,000 after purchasing an additional 3,714 shares in the last quarter. Institutional investors own 74.78% of the company’s stock.
Mondelez International stock opened at $42.37 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.37 and a current ratio of 0.56. The firm has a market cap of $61.77 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. Mondelez International Inc has a one year low of $37.42 and a one year high of $46.54.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Monday, October 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $6.32 billion. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share. On average, sell-side analysts predict that Mondelez International Inc will post 2.43 EPS for the current fiscal year.
In other news, EVP Maurizio Brusadelli sold 7,381 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $43.74, for a total value of $322,844.94. Following the sale, the executive vice president now directly owns 73,959 shares of the company’s stock, valued at $3,234,966.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel P. Myers sold 27,963 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total value of $1,214,712.72. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. DZ Bank raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, July 27th. BidaskClub downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Piper Jaffray Companies set a $48.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research note on Tuesday. ValuEngine downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $45.00 to $47.00 and gave the stock a “$41.68” rating in a research note on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $49.08.
Mondelez International Company 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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