Crow Point Partners LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 23.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,096 shares of the company’s stock after selling 1,278 shares during the period. Crow Point Partners LLC’s holdings in Mondelez International were worth $166,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in MDLZ. Proficio Capital Partners LLC increased its holdings in Mondelez International by 637.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after purchasing an additional 1,963 shares during the period. Acrospire Investment Management LLC increased its holdings in Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after purchasing an additional 2,900 shares during the period. Chicago Partners Investment Group LLC increased its holdings in Mondelez International by 2,056.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after purchasing an additional 3,434 shares during the period. Parkside Financial Bank & Trust increased its holdings in Mondelez International by 8.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after purchasing an additional 311 shares during the period. Finally, Pointe Capital Management LLC purchased a new position in Mondelez International during the 2nd quarter valued at about $202,000. Institutional investors own 76.05% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at $42.15 on Monday. 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 firm has a market capitalization of $62,988.45, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. Mondelez International, Inc. has a 12-month low of $39.19 and a 12-month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The firm had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. equities research analysts anticipate that Mondelez International, Inc. will post 2.14 earnings per share for the current year.
In other 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 value of $286,580.00. Following the sale, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lewis W. K. Booth purchased 1,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost 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 analysts recently issued reports on the company. BMO Capital Markets restated a “buy” rating and set a $48.00 price target on shares of Mondelez International in a report on Thursday, November 2nd. J P Morgan Chase & Co boosted their price target on Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Credit Suisse Group boosted their price target on Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st. Buckingham Research reduced their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st. Finally, Susquehanna Bancshares Inc set a $45.00 price objective on Mondelez International and gave the company a “hold” rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price 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.
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ).
Receive News & Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.