Rafferty Asset Management LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 30.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,648 shares of the company’s stock after selling 14,175 shares during the period. Rafferty Asset Management LLC’s holdings in Mondelez International were worth $1,367,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Simmons Bank boosted its stake in Mondelez International by 0.3% during the 1st quarter. Simmons Bank now owns 6,265 shares of the company’s stock valued at $269,000 after purchasing an additional 20 shares during the period. Northwest Quadrant Wealth Management LLC boosted its stake in Mondelez International by 0.4% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock valued at $309,000 after purchasing an additional 30 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in Mondelez International by 0.4% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock valued at $447,000 after purchasing an additional 38 shares during the period. Choate Investment Advisors boosted its stake in Mondelez International by 0.4% during the 1st quarter. Choate Investment Advisors now owns 10,430 shares of the company’s stock valued at $449,000 after purchasing an additional 41 shares during the period. Finally, Needelman Asset Management Inc. boosted its stake in Mondelez International by 0.3% during the 2nd quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock valued at $736,000 after purchasing an additional 45 shares during the period. 75.42% of the stock is owned by institutional investors and hedge funds.
MDLZ has been the subject of a number of analyst reports. Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $48.00 to $49.00 in a research note on Tuesday, July 25th. Royal Bank Of Canada reissued an “outperform” rating and set a $53.00 target price (down from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research note 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 note on Thursday, August 3rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Mondelez International in a research note on Wednesday, September 20th. 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 stock. Mondelez International presently has a consensus rating of “Buy” and an average price target of $49.40.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at $40.97 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.51 and a debt-to-equity ratio of 0.49. Mondelez International, Inc. has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The company has a market cap of $61,767.97, a P/E ratio of 19.99, a P/E/G ratio of 1.70 and a beta of 0.98.
Mondelez International (NASDAQ:MDLZ) last released its 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 net margin of 8.61% and a return on equity of 12.31%. The business had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the previous year, the firm earned $0.52 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. analysts predict that Mondelez International, Inc. will post 2.14 earnings per share for the current fiscal year.
In related news, EVP Daniel P. Myers sold 7,000 shares of the business’s 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 sale, the executive vice president now directly owns 20,965 shares in the company, valued at approximately $858,307.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurizio Brusadelli sold 6,248 shares of the business’s 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 sale, the executive vice president now owns 61,651 shares in the company, valued at $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.
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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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