National Asset Management Inc. Decreases Position in Mondelez International, Inc. (MDLZ)
National Asset Management Inc. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,708 shares of the company’s stock after selling 356 shares during the period. National Asset Management Inc.’s holdings in Mondelez International were worth $205,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Mondelez International by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock valued at $4,267,168,000 after purchasing an additional 1,168,269 shares in the last quarter. Northern Trust Corp raised its position in Mondelez International by 7.3% in the 2nd quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock valued at $936,717,000 after purchasing an additional 1,470,112 shares in the last quarter. Lindsell Train Ltd raised its position in Mondelez International by 16.2% in the 2nd quarter. Lindsell Train Ltd now owns 16,864,710 shares of the company’s stock valued at $728,387,000 after purchasing an additional 2,357,000 shares in the last quarter. Geode Capital Management LLC raised its position in Mondelez International by 7.2% in the 1st quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock valued at $664,480,000 after purchasing an additional 1,041,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Mondelez International by 9.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 13,753,346 shares of the company’s stock valued at $594,007,000 after purchasing an additional 1,243,500 shares in the last quarter. 76.05% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International, Inc. (MDLZ) opened at $42.33 on Thursday. The stock has a market capitalization of $63,242.50, a P/E ratio of 20.64, a P/E/G ratio of 1.75 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 12 month low of $39.19 and a 12 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. analysts expect that Mondelez International, Inc. will post 2.14 earnings per share for the current fiscal year.
A number of research firms have issued reports on MDLZ. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. UBS AG reaffirmed a “buy” rating and issued a $51.00 price target on shares of Mondelez International in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 price objective on shares of Mondelez International in a report on Tuesday, October 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $55.00 price objective on shares of Mondelez International in a report on Wednesday, September 20th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price objective on shares of Mondelez International in a report on Thursday, November 2nd. One equities 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 given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $49.40.
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In other news, Director Lewis W. K. Booth purchased 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average price of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’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 transaction, the executive vice president now owns 20,965 shares in the company, valued at approximately $858,307.10. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
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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