Mondelez International, Inc. (MDLZ) Shares Sold by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,647,953 shares of the company’s stock after selling 13,390 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.24% of Mondelez International worth $157,554,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Banque Pictet & Cie SA raised its holdings in Mondelez International by 90.1% in the 2nd quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock valued at $816,000 after acquiring an additional 8,962 shares during the period. Aberdeen Asset Management PLC UK raised its holdings in Mondelez International by 11.2% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock valued at $20,093,000 after acquiring an additional 46,992 shares during the period. Vanguard Group Inc. raised its holdings in Mondelez International by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after acquiring an additional 2,720,253 shares during the period. AQR Capital Management LLC raised its holdings in Mondelez International by 43.9% in the 1st quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock valued at $18,975,000 after acquiring an additional 134,286 shares during the period. Finally, Engineers Gate Manager LP bought a new position in Mondelez International in the 2nd quarter valued at about $3,867,000. 76.05% of the stock is currently owned by institutional investors.
In related news, Director Lewis W. K. Booth purchased 1,500 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 completion of the transaction, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.
Several research analysts have recently commented on the stock. UBS AG reaffirmed a “buy” rating and set a $49.00 target price on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley cut their target price on shares of 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 reaffirmed a “buy” rating and set a $53.00 price target on shares of Mondelez International in a research note on Tuesday, October 3rd. Buckingham Research lowered their target price on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. Finally, Piper Jaffray Companies raised shares of 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 note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $49.40.
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Mondelez International, Inc. (NASDAQ MDLZ) opened at $42.30 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.51 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. The company has a market cap of $63,210.00, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. sell-side analysts expect that Mondelez International, Inc. will post 2.14 earnings per share for the current year.
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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