Savant Capital LLC decreased its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 5.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,936 shares of the company’s stock after selling 559 shares during the quarter. Savant Capital LLC’s holdings in Mondelez International were worth $446,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Canton Hathaway LLC bought a new position in Mondelez International during the 1st quarter worth approximately $32,000. Exane Derivatives bought a new position in Mondelez International during the 4th quarter worth approximately $33,000. Northwest Wealth Management LLC boosted its stake in Mondelez International by 355.4% during the 4th quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock worth $34,000 after acquiring an additional 654 shares during the last quarter. Sontag Advisory LLC bought a new position in Mondelez International during the 4th quarter worth approximately $34,000. Finally, Gemmer Asset Management LLC boosted its stake in Mondelez International by 101.4% during the 1st quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock worth $35,000 after acquiring an additional 357 shares during the last quarter. 77.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of MDLZ stock opened at $51.87 on Friday. 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 company has a market cap of $74.16 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 2.71 and a beta of 0.89. Mondelez International Inc has a 52 week low of $38.78 and a 52 week high of $52.57.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.55 billion. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. On average, analysts forecast that Mondelez International Inc will post 2.49 EPS for the current year.
In other news, EVP Alejandro Lorenzo sold 26,347 shares of Mondelez International stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $46.94, for a total value of $1,236,728.18. Following the sale, the executive vice president now directly owns 59,320 shares in the company, valued at $2,784,480.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gerhard W. Pleuhs sold 29,340 shares of Mondelez International stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $47.72, for a total transaction of $1,400,104.80. Following the completion of the sale, the executive vice president now owns 229,700 shares in the company, valued at $10,961,284. The disclosure for this sale can be found here. Insiders have sold a total of 101,182 shares of company stock worth $4,959,382 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.
MDLZ has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. ValuEngine raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. BidaskClub lowered shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a research note on Thursday, January 24th. Finally, Barclays reissued a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a research note on Friday, February 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and a consensus target price of $49.67.
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Mondelez International Company Profile
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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