Sii Investments Inc. WI trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,303 shares of the company’s stock after selling 3,125 shares during the period. Sii Investments Inc. WI’s holdings in Mondelez International were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Mondelez International by 1.2% during the second quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock worth $4,267,168,000 after purchasing an additional 1,168,269 shares in the last quarter. Northern Trust Corp increased its position in shares of Mondelez International by 7.3% during the second quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock worth $936,717,000 after purchasing an additional 1,470,112 shares in the last quarter. Lindsell Train Ltd increased its position in shares of Mondelez International by 16.2% during the second quarter. Lindsell Train Ltd now owns 16,864,710 shares of the company’s stock worth $728,387,000 after purchasing an additional 2,357,000 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Mondelez International by 7.2% during the first quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock worth $664,480,000 after purchasing an additional 1,041,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Mondelez International by 9.9% during the second quarter. Canada Pension Plan Investment Board now owns 13,753,346 shares of the company’s stock worth $594,007,000 after purchasing an additional 1,243,500 shares in the last quarter. 76.41% of the stock is owned by institutional investors.
Mondelez International, Inc. (NASDAQ:MDLZ) opened at $42.19 on Friday. 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, Inc. has a 52-week low of $39.19 and a 52-week high of $47.23. The stock has a market capitalization of $62,689.57, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) 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 company had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. sell-side analysts forecast that Mondelez International, Inc. will post 2.14 earnings per share for the current fiscal year.
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In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the transaction, the executive vice president now owns 20,965 shares in the company, valued at approximately $858,307.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lewis W. K. Booth bought 1,500 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average price of $41.29 per share, for a total transaction of $61,935.00. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.
A number of research firms have recently commented on MDLZ. UBS AG reiterated 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. Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 target price on shares of Mondelez International in a research report on Tuesday, October 3rd. Buckingham Research cut their target price on Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. Finally, Piper Jaffray Companies upgraded Mondelez International from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $48.00 to $49.00 in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $49.40.
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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