Nippon Life Global Investors Americas Inc. trimmed its stake in Mondelez International Inc (NASDAQ:MDLZ) by 29.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 117,880 shares of the company’s stock after selling 49,090 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Mondelez International were worth $5,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Quad Cities Investment Group LLC purchased a new stake in shares of Mondelez International in the 2nd quarter worth $111,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mondelez International in the 3rd quarter worth $129,000. Kaizen Advisory LLC increased its stake in shares of Mondelez International by 131.7% in the 2nd quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock worth $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 3rd quarter worth $141,000. Finally, Sun Life Financial INC boosted 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 worth $164,000 after buying an additional 3,714 shares during the period. Hedge funds and other institutional investors own 74.78% of the company’s stock.
Shares of NASDAQ MDLZ 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 stock has a market cap of $61.77 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. Mondelez International Inc has a 12-month low of $37.42 and a 12-month high of $46.54.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Monday, October 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The firm had revenue of $6.29 billion for the quarter, compared to analysts’ expectations of $6.32 billion. Mondelez International had a net margin of 12.46% and a return on equity of 13.71%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 EPS. As a group, sell-side analysts expect that Mondelez International Inc will post 2.43 EPS for the current year.
MDLZ has been the subject of several recent analyst reports. UBS Group set a $51.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a report on Monday, September 10th. Credit Suisse Group set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a report on Thursday, September 6th. Zacks Investment Research raised shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. BidaskClub raised shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. Finally, Morgan Stanley began coverage on shares of Mondelez International in a report on Monday, September 17th. They set an “equal weight” rating and a $47.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $49.08.
In other news, EVP Daniel P. Myers sold 27,963 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total transaction of $1,214,712.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maurizio Brusadelli sold 7,381 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $43.74, for a total transaction of $322,844.94. Following 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. 2.00% of the stock is currently owned by corporate insiders.
About Mondelez International
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.
Further Reading: Book Value Per Share – BVPS
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