Croft Leominster Inc. held its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,739 shares of the company’s stock at the close of the second quarter. Croft Leominster Inc.’s holdings in Mondelez International were worth $4,986,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in MDLZ. Caisse DE Depot ET Placement DU Quebec boosted its position in Mondelez International by 95.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock valued at $425,709,000 after buying an additional 4,821,400 shares during the period. Bessemer Group Inc. boosted its position in Mondelez International by 8,492.9% during the 2nd quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock valued at $178,655,000 after buying an additional 4,088,329 shares during the period. Renaissance Technologies LLC boosted its position in Mondelez International by 186.2% during the 1st quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock valued at $197,031,000 after buying an additional 2,975,800 shares during the period. Vanguard Group Inc. boosted its position in Mondelez International by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after buying an additional 2,720,253 shares during the period. Finally, Eaton Vance Management boosted its position in Mondelez International by 98.7% during the 2nd quarter. Eaton Vance Management now owns 5,038,277 shares of the company’s stock valued at $217,603,000 after buying an additional 2,502,668 shares during the period. 76.05% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on MDLZ. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. UBS AG reissued a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued a “buy” rating and set a $53.00 price target on shares of Mondelez International in a research report on Tuesday, October 3rd. Sanford C. Bernstein reissued an “outperform” rating and set a $55.00 price target on shares of Mondelez International in a research report on Wednesday, September 20th. Finally, BMO Capital Markets reissued a “buy” rating and set a $48.00 price target on shares of Mondelez International in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $49.40.
Mondelez International, Inc. (NASDAQ MDLZ) opened at $42.32 on Wednesday. Mondelez International, Inc. has a 12-month low of $39.19 and a 12-month high of $47.23. The stock has a market cap of $62,928.68, a PE ratio of 20.54, a P/E/G ratio of 1.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating 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 company 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. Mondelez International’s revenue was up 2.1% on a year-over-year basis. equities analysts anticipate that Mondelez International, Inc. will post 2.14 earnings per share for the current year.
In other Mondelez International news, Director Lewis W. K. Booth purchased 1,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average cost of $41.29 per share, with a total value of $61,935.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the transaction, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at $858,307.10. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
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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