Whitnell & Co. grew its position in Mondelez International Inc (NASDAQ:MDLZ) by 12.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,060 shares of the company’s stock after purchasing an additional 6,192 shares during the period. Whitnell & Co.’s holdings in Mondelez International were worth $3,046,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in Mondelez International during the second quarter valued at approximately $7,797,000. Foresters Investment Management Company Inc. lifted its holdings in shares of Mondelez International by 38.7% during the 2nd quarter. Foresters Investment Management Company Inc. now owns 414,650 shares of the company’s stock worth $22,350,000 after acquiring an additional 115,600 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Mondelez International by 10.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 407,613 shares of the company’s stock worth $21,970,000 after acquiring an additional 38,103 shares during the period. Bahl & Gaynor Inc. lifted its holdings in shares of Mondelez International by 76.2% during the 2nd quarter. Bahl & Gaynor Inc. now owns 2,837,698 shares of the company’s stock worth $152,952,000 after acquiring an additional 1,227,133 shares during the period. Finally, Cibc Bank USA lifted its holdings in shares of Mondelez International by 0.6% during the 2nd quarter. Cibc Bank USA now owns 42,254 shares of the company’s stock worth $2,277,000 after acquiring an additional 237 shares during the period. Institutional investors own 76.42% of the company’s stock.
Shares of NASDAQ MDLZ traded down $0.01 during trading hours on Friday, reaching $51.73. 3,521,300 shares of the stock were exchanged, compared to its average volume of 6,547,457. Mondelez International Inc has a 52 week low of $38.78 and a 52 week high of $56.72. The stock’s fifty day simple moving average is $53.96 and its 200 day simple moving average is $53.76. The firm has a market capitalization of $74.56 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 2.69 and a beta of 0.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.50.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. Mondelez International had a return on equity of 13.93% and a net margin of 15.42%. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. Research analysts predict that Mondelez International Inc will post 2.47 EPS for the current fiscal year.
In other Mondelez International news, EVP Vinzenz P. Gruber sold 40,377 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $56.68, for a total value of $2,288,568.36. Following the completion of the sale, the executive vice president now directly owns 112,137 shares in the company, valued at $6,355,925.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
Several research analysts have recently weighed in on MDLZ shares. Berenberg Bank set a $56.00 price objective on shares of Mondelez International and gave the stock a “hold” rating in a report on Monday, November 4th. Morgan Stanley raised Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 price target on the stock in a research note on Wednesday, August 7th. Citigroup set a $60.00 price objective on Mondelez International and gave the company a “hold” rating in a report on Wednesday, July 31st. Credit Suisse Group upped their price objective on Mondelez International from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, ValuEngine upgraded Mondelez International from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. Mondelez International has an average rating of “Buy” and an average target price of $59.29.
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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