Achmea Investment Management B.V. trimmed its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 5.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,389 shares of the company’s stock after selling 6,154 shares during the quarter. Achmea Investment Management B.V.’s holdings in Mondelez International were worth $4,911,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of MDLZ. Winfield Associates Inc. acquired a new stake in Mondelez International in the third quarter valued at approximately $194,000. Picton Mahoney Asset Management boosted its stake in Mondelez International by 8.7% in the third quarter. Picton Mahoney Asset Management now owns 453,500 shares of the company’s stock valued at $19,483,000 after acquiring an additional 36,200 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Mondelez International in the third quarter valued at approximately $1,465,000. Janney Montgomery Scott LLC boosted its stake in Mondelez International by 4.5% in the third quarter. Janney Montgomery Scott LLC now owns 377,791 shares of the company’s stock valued at $16,230,000 after acquiring an additional 16,142 shares in the last quarter. Finally, Comerica Securities Inc. boosted its stake in Mondelez International by 33.4% in the third quarter. Comerica Securities Inc. now owns 15,987 shares of the company’s stock valued at $691,000 after acquiring an additional 4,005 shares in the last quarter. 75.00% of the stock is currently owned by institutional investors.
In other news, EVP Maurizio Brusadelli sold 7,381 shares of Mondelez International stock in a transaction on Friday, September 14th. The shares were sold at an average price of $43.74, for a total transaction of $322,844.94. Following the completion of the sale, the executive vice president now directly owns 73,959 shares in the company, valued at $3,234,966.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel P. Myers sold 27,963 shares of Mondelez International stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total transaction of $1,214,712.72. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
NASDAQ:MDLZ opened at $44.30 on Friday. Mondelez International Inc has a 12 month low of $37.42 and a 12 month high of $46.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.56 and a quick ratio of 0.38. The firm has a market cap of $63.72 billion, a PE ratio of 20.70, a P/E/G ratio of 1.98 and a beta of 0.75.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Monday, October 29th. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. Mondelez International had a net margin of 12.46% and a return on equity of 13.71%. The business had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $6.32 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, equities analysts predict that Mondelez International Inc will post 2.43 EPS for the current year.
MDLZ has been the subject of several recent analyst reports. UBS Group set a $51.00 target price on shares of Mondelez International and gave the company a “buy” rating in a research note on Monday, September 10th. Credit Suisse Group set a $48.00 target price on shares of Mondelez International and gave the company a “buy” rating in a research note on Thursday, September 6th. Zacks Investment Research upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Morgan Stanley initiated coverage on shares of Mondelez International in a research note on Monday, September 17th. They issued an “equal weight” rating and a $47.00 target price for the company. Finally, ValuEngine upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, July 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $49.17.
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Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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