Compagnie Lombard Odier SCmA lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,376,449 shares of the company’s stock after selling 43,340 shares during the quarter. Mondelez International comprises 3.6% of Compagnie Lombard Odier SCmA’s portfolio, making the stock its 4th biggest holding. Compagnie Lombard Odier SCmA owned 0.16% of Mondelez International worth $102,659,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Mondelez International by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock worth $4,267,168,000 after acquiring an additional 1,168,269 shares during the last quarter. Northern Trust Corp increased its stake in Mondelez International by 7.3% in the 2nd quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock worth $936,717,000 after acquiring an additional 1,470,112 shares during the last quarter. Lindsell Train Ltd increased its stake in Mondelez International by 16.2% in the 2nd quarter. Lindsell Train Ltd now owns 16,864,710 shares of the company’s stock worth $728,387,000 after acquiring an additional 2,357,000 shares during the last quarter. Geode Capital Management LLC increased its stake in Mondelez International by 7.2% in the 1st quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock worth $664,480,000 after acquiring an additional 1,041,124 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Mondelez International by 9.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 13,753,346 shares of the company’s stock worth $594,007,000 after acquiring an additional 1,243,500 shares during the last quarter. 76.41% of the stock is currently owned by institutional investors and hedge funds.
In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares in the company, valued at approximately $858,307.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lewis W. K. Booth bought 1,500 shares of the stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $41.29 per share, with a total value of $61,935.00. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by corporate insiders.
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A number of analysts have issued reports on MDLZ shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. UBS AG reissued a “buy” rating and set a $49.00 target price on shares of Mondelez International in a research report on Friday, October 13th. Morgan Stanley cut their target price on Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 13th. Finally, Piper Jaffray Companies raised Mondelez International from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $48.00 to $49.00 in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $49.40.
Mondelez International, Inc. (NASDAQ MDLZ) opened at $42.05 on Tuesday. Mondelez International, Inc. has a 1-year low of $39.19 and a 1-year high of $47.23. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $62,689.57, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.73 and a beta of 0.98.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. equities analysts expect that Mondelez International, Inc. will post 2.14 earnings per share for the current year.
Mondelez International 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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