Tocqueville Asset Management L.P. Purchases 16,275 Shares of Mondelez International, Inc. (MDLZ)

Tocqueville Asset Management L.P. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,617 shares of the company’s stock after acquiring an additional 16,275 shares during the period. Tocqueville Asset Management L.P.’s holdings in Mondelez International were worth $12,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. FineMark National Bank & Trust raised its holdings in shares of Mondelez International by 24.9% during the third quarter. FineMark National Bank & Trust now owns 146,617 shares of the company’s stock worth $5,961,000 after acquiring an additional 29,234 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Mondelez International by 2.4% during the third quarter. Canada Pension Plan Investment Board now owns 14,079,346 shares of the company’s stock worth $572,466,000 after acquiring an additional 326,000 shares in the last quarter. Tufton Capital Management raised its holdings in shares of Mondelez International by 5.9% during the third quarter. Tufton Capital Management now owns 100,742 shares of the company’s stock worth $4,096,000 after acquiring an additional 5,644 shares in the last quarter. Bourgeon Capital Management LLC raised its holdings in shares of Mondelez International by 23.1% during the third quarter. Bourgeon Capital Management LLC now owns 16,000 shares of the company’s stock worth $651,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Stewart & Patten Co. LLC raised its holdings in shares of Mondelez International by 4.3% during the third quarter. Stewart & Patten Co. LLC now owns 125,370 shares of the company’s stock worth $5,097,000 after acquiring an additional 5,210 shares in the last quarter. Institutional investors and hedge funds own 75.86% of the company’s stock.

Several analysts recently issued reports on MDLZ shares. UBS reiterated a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a report on Friday, October 13th. BMO Capital Markets restated a “buy” rating and set a $48.00 target price on shares of Mondelez International in a report on Thursday, November 2nd. Buckingham Research cut their target price on Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st. J P Morgan Chase & Co raised their target price on Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Finally, Morgan Stanley cut their target price on Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Mondelez International has a consensus rating of “Buy” and a consensus target price of $49.40.

In other news, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was 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 of the company’s stock, valued at $858,307.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lewis W. K. Booth purchased 1,500 shares of the stock in a transaction dated Thursday, November 9th. The stock was acquired at an average cost of $41.29 per share, for a total transaction of $61,935.00. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company’s stock.

Mondelez International, Inc. (NASDAQ:MDLZ) opened at $42.99 on Wednesday. Mondelez International, Inc. has a 1-year low of $39.19 and a 1-year high of $47.23. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $64,423.07, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.78 and a beta of 0.98.

Mondelez International (NASDAQ:MDLZ) last issued 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. The company had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. equities research analysts anticipate that Mondelez International, Inc. will post 2.14 EPS for the current year.

TRADEMARK VIOLATION WARNING: This report was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://www.com-unik.info/2017/12/06/tocqueville-asset-management-l-p-purchases-16275-shares-of-mondelez-international-inc-mdlz.html.

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.

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ).

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

What are top analysts saying about Mondelez International Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mondelez International Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit