Stevens Capital Management LP lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 88.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 493,557 shares of the company’s stock after acquiring an additional 231,994 shares during the period. Mondelez International makes up about 0.8% of Stevens Capital Management LP’s portfolio, making the stock its 16th largest holding. Stevens Capital Management LP’s holdings in Mondelez International were worth $21,317,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of MDLZ. Caisse DE Depot ET Placement DU Quebec increased its position in Mondelez International by 95.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock worth $425,709,000 after purchasing an additional 4,821,400 shares in the last quarter. Bessemer Group Inc. increased its position in Mondelez International by 8,492.9% during the 2nd quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after purchasing an additional 4,088,329 shares in the last quarter. Renaissance Technologies LLC increased its position in Mondelez International by 186.2% during the 1st quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after purchasing an additional 2,975,800 shares in the last quarter. Lindsell Train Ltd increased its position in Mondelez International by 23.3% during the 1st quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock worth $624,992,000 after purchasing an additional 2,740,400 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Mondelez International by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after purchasing an additional 2,720,253 shares in the last quarter. 75.42% of the stock is owned by institutional investors.
MDLZ has been the subject of a number of research analyst reports. Piper Jaffray Companies upgraded shares of Mondelez International from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $48.00 to $49.00 in a research report on Tuesday, July 25th. Royal Bank Of Canada reiterated an “outperform” rating and set a $53.00 price objective (down from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. UBS Group AG (USA) reiterated a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research report on Thursday, August 3rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $55.00 price objective on shares of Mondelez International in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mondelez International presently has a consensus rating of “Buy” and an average target price of $49.40.
In other news, EVP Daniel P. Myers sold 7,000 shares of the 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 completion of the sale, the executive vice president now directly owns 20,965 shares in the company, valued at $858,307.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
Mondelez International, Inc. (MDLZ) opened at $40.97 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.35 and a current ratio of 0.51. The stock has a market cap of $62.05 billion, a PE ratio of 20.08, a P/E/G ratio of 1.70 and a beta of 0.98.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue was up 2.1% on a year-over-year basis. equities research analysts forecast that Mondelez International, Inc. will post 2.14 EPS for the current year.
About Mondelez International
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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