Sandy Spring Bank cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,687 shares of the company’s stock after selling 2,409 shares during the quarter. Sandy Spring Bank’s holdings in Mondelez International were worth $2,319,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in MDLZ. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Mondelez International by 95.5% in 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 buying an additional 4,821,400 shares during the period. Bessemer Group Inc. grew its position in shares of Mondelez International by 8,492.9% in the 2nd quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after buying an additional 4,088,329 shares during the period. Renaissance Technologies LLC grew its position in shares of Mondelez International by 186.2% in the 1st quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after buying an additional 2,975,800 shares during the period. Lindsell Train Ltd grew its position in shares of Mondelez International by 23.3% in the 1st quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock worth $624,992,000 after buying an additional 2,740,400 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Mondelez International by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after buying an additional 2,720,253 shares during the period. 75.42% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International, Inc. (NASDAQ:MDLZ) opened at $40.97 on Friday. The company has a market cap of $62.05 billion, a PE ratio of 20.08, a PEG ratio of 1.70 and a beta of 0.98. The company has a current ratio of 0.51, a quick ratio of 0.35 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last posted its 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. The business had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. equities analysts forecast that Mondelez International, Inc. will post 2.14 earnings per share for the current year.
A number of analysts have recently weighed in on the stock. Credit Suisse Group upped their target price on shares of Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday. J P Morgan Chase & Co upped their price target on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday. BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price target on shares of Mondelez International in a research note on Thursday. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. Finally, UBS Group AG (USA) reiterated a “buy” rating and issued a $51.00 price target on shares of Mondelez International in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $49.40.
In other news, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 61,651 shares in the company, 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 corporate insiders.
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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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