Bank of Hawaii Holds Holdings in Mondelez International, Inc. (MDLZ)
Bank of Hawaii maintained its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,045 shares of the company’s stock at the end of the second quarter. Bank of Hawaii’s holdings in Mondelez International were worth $434,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its holdings in Mondelez International by 637.3% during the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after buying an additional 1,963 shares in the last quarter. V Wealth Management LLC bought a new stake in Mondelez International during the second quarter worth approximately $116,000. Acrospire Investment Management LLC boosted its holdings in Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after buying an additional 2,900 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after buying an additional 3,434 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Mondelez International by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock worth $176,000 after buying an additional 311 shares in the last quarter. Institutional investors and hedge funds own 75.62% of the company’s stock.
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Mondelez International, Inc. (MDLZ) opened at $41.95 on Friday. The firm has a market cap of $62,689.57, a price-to-earnings ratio of 20.46, a PEG ratio of 1.73 and a beta of 0.98. 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 twelve month low of $39.19 and a twelve month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. Mondelez International’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. sell-side analysts forecast that Mondelez International, Inc. will post 2.14 earnings per share for the current fiscal year.
In other news, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were 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 can be accessed through the SEC website. 3.60% of the stock is currently owned by company insiders.
A number of analysts recently weighed in on the stock. BMO Capital Markets restated a “buy” rating and set a $48.00 target price on shares of Mondelez International in a report on Thursday, November 2nd. J P Morgan Chase & Co raised their target price on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Credit Suisse Group raised their target price on shares of Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Buckingham Research reduced their target price on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Finally, Susquehanna Bancshares Inc set a $45.00 price target on shares of 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 assigned a strong buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and an average price target of $49.40.
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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