Edmond DE Rothschild Holding S.A. lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 49.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,940 shares of the company’s stock after purchasing an additional 10,195 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Mondelez International were worth $1,336,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC raised its stake in shares of Mondelez International by 637.3% in the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after purchasing an additional 1,963 shares in the last quarter. V Wealth Management LLC acquired a new position in shares of Mondelez International in the second quarter valued at $116,000. Assetmark Inc. raised its stake in shares of Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after purchasing an additional 401 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after purchasing an additional 3,434 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Mondelez International by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after purchasing an additional 311 shares in the last quarter. Institutional investors and hedge funds own 75.42% of the company’s stock.
In other news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction 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 owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.
MDLZ has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “buy” rating on shares of Mondelez International in a research 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 AG reiterated a “buy” rating and issued a $49.00 price target on shares of Mondelez International in a research report on Friday, October 13th. Morgan Stanley lowered their price target on Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 13th. Finally, Piper Jaffray Companies upgraded Mondelez International from a “neutral” rating to an “overweight” rating and upped their price target for the company from $48.00 to $49.00 in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.40.
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Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Monday, October 30th. The company reported $0.57 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 company 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 firm earned $0.52 EPS. Mondelez International’s revenue was up 2.1% on a year-over-year basis.
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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