Court Place Advisors LLC bought a new position in Mondelez International Inc (NASDAQ:MDLZ) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,461 shares of the company’s stock, valued at approximately $223,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Obermeyer Wood Investment Counsel Lllp purchased a new stake in shares of Mondelez International in the first quarter worth $218,000. Boston Partners bought a new position in shares of Mondelez International during the first quarter valued at $355,441,000. Advisors Preferred LLC bought a new position in shares of Mondelez International during the first quarter valued at $402,000. Mitchell Capital Management Co. lifted its holdings in shares of Mondelez International by 24.0% during the first quarter. Mitchell Capital Management Co. now owns 29,243 shares of the company’s stock valued at $1,460,000 after purchasing an additional 5,659 shares in the last quarter. Finally, Cornerstone Advisors Inc. lifted its holdings in shares of Mondelez International by 2.4% during the first quarter. Cornerstone Advisors Inc. now owns 8,850 shares of the company’s stock valued at $442,000 after purchasing an additional 207 shares in the last quarter. 76.64% of the stock is currently owned by hedge funds and other institutional investors.
In other Mondelez International news, EVP Alejandro Lorenzo sold 26,347 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $46.94, for a total value of $1,236,728.18. Following the transaction, the executive vice president now owns 59,320 shares of the company’s stock, valued at $2,784,480.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gerhard W. Pleuhs sold 40,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total value of $2,062,800.00. Following the completion of the transaction, the executive vice president now directly owns 110,308 shares in the company, valued at approximately $5,688,583.56. The disclosure for this sale can be found here. In the last three months, insiders sold 71,842 shares of company stock worth $3,559,277. 1.50% of the stock is owned by corporate insiders.
MDLZ stock opened at $51.83 on Thursday. Mondelez International Inc has a fifty-two week low of $38.78 and a fifty-two week high of $52.57. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.33 and a current ratio of 0.48. The stock has a market capitalization of $74.30 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 2.70 and a beta of 0.89.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. The company had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the prior year, the company earned $0.62 earnings per share. Mondelez International’s revenue was down 3.4% on a year-over-year basis. On average, equities analysts predict that Mondelez International Inc will post 2.49 earnings per share for the current year.
A number of research analysts have recently issued reports on MDLZ shares. Guggenheim started coverage on Mondelez International in a report on Tuesday, January 22nd. They set a “buy” rating and a $47.00 price target on the stock. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a report on Thursday, January 24th. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Mondelez International in a report on Monday, January 28th. Finally, Barclays reaffirmed a “buy” rating and set a $49.00 price target on shares of Mondelez International in a report on Friday, February 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $49.67.
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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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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