Victory Capital Management Inc. lessened its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 17.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,203,788 shares of the company’s stock after selling 247,679 shares during the period. Victory Capital Management Inc. owned 0.08% of Mondelez International worth $60,093,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Shields Capital Management LLC grew its stake in Mondelez International by 79.2% during the 4th quarter. Wellington Shields Capital Management LLC now owns 56,259 shares of the company’s stock worth $2,252,000 after buying an additional 24,873 shares during the last quarter. National Pension Service grew its stake in Mondelez International by 5.6% during the 4th quarter. National Pension Service now owns 1,439,587 shares of the company’s stock worth $68,121,000 after buying an additional 76,881 shares during the last quarter. First American Trust FSB grew its stake in Mondelez International by 9.3% during the 1st quarter. First American Trust FSB now owns 125,481 shares of the company’s stock worth $6,264,000 after buying an additional 10,688 shares during the last quarter. CIBC Asset Management Inc grew its stake in Mondelez International by 4.0% during the 4th quarter. CIBC Asset Management Inc now owns 696,493 shares of the company’s stock worth $27,881,000 after buying an additional 26,529 shares during the last quarter. Finally, James Hambro & Partners purchased a new position in Mondelez International during the 4th quarter worth approximately $7,911,000. 76.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of MDLZ stock traded up $0.98 during midday trading on Thursday, hitting $52.81. The company had a trading volume of 280,877 shares, compared to its average volume of 7,316,448. Mondelez International Inc has a 52-week low of $38.78 and a 52-week high of $52.57. The company has a market capitalization of $74.30 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 2.70 and a beta of 0.89. The company has a current ratio of 0.48, a quick ratio of 0.33 and a debt-to-equity ratio of 0.50.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, equities analysts predict that Mondelez International Inc will post 2.49 earnings per share for the current fiscal year.
In related news, EVP Maurizio Brusadelli sold 5,495 shares of Mondelez International stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $47.27, for a total value of $259,748.65. Following the sale, the executive vice president now directly owns 78,523 shares in the company, valued at $3,711,782.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gerhard W. Pleuhs sold 40,000 shares of Mondelez International stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total value of $2,062,800.00. Following the completion of the sale, the executive vice president now owns 110,308 shares in the company, valued at $5,688,583.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,842 shares of company stock worth $3,559,277. Company insiders own 1.50% of the company’s stock.
A number of research analysts recently issued reports on the company. Credit Suisse Group raised their price target on Mondelez International from $50.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. UBS Group raised their price target on Mondelez International to $56.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. They noted that the move was a valuation call. Piper Jaffray Companies set a $48.00 target price on Mondelez International and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, ValuEngine upgraded Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Mondelez International has a consensus rating of “Buy” and an average target price of $49.67.
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About Mondelez International
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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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