Segment Wealth Management LLC increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,759 shares of the company’s stock after acquiring an additional 3,728 shares during the period. Segment Wealth Management LLC’s holdings in Mondelez International were worth $3,040,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. First Manhattan Co. increased its holdings in shares of Mondelez International by 3.3% in the 3rd quarter. First Manhattan Co. now owns 849,891 shares of the company’s stock worth $34,556,000 after acquiring an additional 26,930 shares during the period. Calamos Advisors LLC increased its holdings in shares of Mondelez International by 0.4% in the 3rd quarter. Calamos Advisors LLC now owns 913,855 shares of the company’s stock worth $37,157,000 after acquiring an additional 3,770 shares during the period. Calamos Wealth Management LLC increased its holdings in shares of Mondelez International by 43.3% in the 3rd quarter. Calamos Wealth Management LLC now owns 24,210 shares of the company’s stock worth $984,000 after acquiring an additional 7,314 shares during the period. Carroll Financial Associates Inc. increased its holdings in shares of Mondelez International by 16.0% in the 3rd quarter. Carroll Financial Associates Inc. now owns 14,644 shares of the company’s stock worth $601,000 after acquiring an additional 2,022 shares during the period. Finally, Trust Co. of Vermont increased its holdings in shares of Mondelez International by 1.5% in the 3rd quarter. Trust Co. of Vermont now owns 118,086 shares of the company’s stock worth $4,801,000 after acquiring an additional 1,729 shares during the period. 75.84% of the stock is currently owned by institutional investors and hedge funds.
In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of Mondelez International stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the transaction, the executive vice president now owns 20,965 shares of the company’s stock, 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 (NASDAQ:MDLZ) last released its earnings results on Monday, October 30th. The company reported $0.57 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 for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter last year, the company earned $0.52 EPS. Mondelez International’s quarterly revenue was up 2.1% on a year-over-year basis. equities research analysts forecast that Mondelez International, Inc. will post 2.14 earnings per share for the current year.
A number of research firms recently weighed in on MDLZ. UBS reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley dropped their price objective on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 13th. Royal Bank Of Canada reissued a “buy” rating and set a $53.00 target price on shares of Mondelez International in a research note on Tuesday, October 3rd. Buckingham Research lowered their target price on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $55.00 target price 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 given a buy rating and one has assigned a strong buy rating to the stock. Mondelez International currently has an average rating of “Buy” and an average price target of $49.40.
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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