Stewart & Patten Co. LLC increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 125,370 shares of the company’s stock after buying an additional 5,210 shares during the period. Stewart & Patten Co. LLC’s holdings in Mondelez International were worth $5,097,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in Mondelez International by 2.2% in the third quarter. Victory Capital Management Inc. now owns 842,796 shares of the company’s stock worth $34,268,000 after buying an additional 18,171 shares during the last quarter. Mosaic Family Wealth LLC increased its holdings in Mondelez International by 15.5% in the third quarter. Mosaic Family Wealth LLC now owns 13,397 shares of the company’s stock worth $544,000 after buying an additional 1,800 shares during the last quarter. Intact Investment Management Inc. increased its holdings in Mondelez International by 2.8% in the third quarter. Intact Investment Management Inc. now owns 48,400 shares of the company’s stock worth $1,968,000 after buying an additional 1,300 shares during the last quarter. OLD National Bancorp IN increased its holdings in Mondelez International by 12.8% in the third quarter. OLD National Bancorp IN now owns 32,645 shares of the company’s stock worth $1,328,000 after buying an additional 3,702 shares during the last quarter. Finally, Lee Danner & Bass Inc. increased its holdings in Mondelez International by 3.3% in the third quarter. Lee Danner & Bass Inc. now owns 344,278 shares of the company’s stock worth $13,998,000 after buying an additional 11,023 shares during the last quarter. Hedge funds and other institutional investors own 75.86% of the company’s stock.
In other news, EVP Daniel P. Myers sold 7,000 shares of the 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 completion of the sale, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at $858,307.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lewis W. K. Booth acquired 1,500 shares of Mondelez International stock in a transaction dated Thursday, November 9th. The stock was acquired at an average cost 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.
Shares of Mondelez International, Inc. (NASDAQ MDLZ) opened at $42.92 on Monday. The stock has a market capitalization of $64,139.13, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. Mondelez International, Inc. has a 12-month low of $39.19 and a 12-month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (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 during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. equities analysts forecast that Mondelez International, Inc. will post 2.14 EPS for the current fiscal year.
MDLZ has been the topic of a number of research reports. Royal Bank Of Canada restated a “buy” rating on shares of Mondelez International in a report on Friday, September 1st. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. UBS reaffirmed a “buy” rating and set a $49.00 target price on shares of Mondelez International in a research report on Friday, October 13th. Credit Suisse Group upped their target price on Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Finally, J P Morgan Chase & Co upped their target price on Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.40.
About Mondelez International
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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