Van Hulzen Asset Management LLC purchased a new position in Mondelez International Inc. (NASDAQ:MDLZ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,676 shares of the company’s stock, valued at approximately $117,000.
Several other hedge funds also recently modified their holdings of MDLZ. Emerald Acquisition Ltd. acquired a new stake in Mondelez International during the second quarter valued at $193,868,000. UBS Asset Management Americas Inc. raised its stake in Mondelez International by 45.6% in the second quarter. UBS Asset Management Americas Inc. now owns 9,676,174 shares of the company’s stock valued at $440,362,000 after buying an additional 3,028,890 shares during the last quarter. Wells Fargo & Company MN raised its stake in Mondelez International by 37.3% in the third quarter. Wells Fargo & Company MN now owns 8,675,095 shares of the company’s stock valued at $380,837,000 after buying an additional 2,356,657 shares during the last quarter. Axiom International Investors LLC DE acquired a new stake in Mondelez International during the second quarter valued at $63,034,000. Finally, First Eagle Investment Management LLC raised its stake in Mondelez International by 24,656.8% in the second quarter. First Eagle Investment Management LLC now owns 1,370,536 shares of the company’s stock valued at $62,373,000 after buying an additional 1,365,000 shares during the last quarter. Institutional investors and hedge funds own 75.46% of the company’s stock.
Mondelez International Inc. (NASDAQ:MDLZ) traded up 1.84% during mid-day trading on Friday, reaching $43.28. The company’s stock had a trading volume of 3,702,863 shares. The company has a market cap of $66.84 billion, a price-to-earnings ratio of 82.60 and a beta of 1.11. The stock’s 50 day moving average is $42.99 and its 200 day moving average is $43.72. Mondelez International Inc. has a 12 month low of $35.88 and a 12 month high of $46.40.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, October 26th. The company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. Mondelez International had a return on equity of 10.88% and a net margin of 3.16%. The company earned $6.40 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period last year, the company posted $0.38 earnings per share. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. Equities research analysts predict that Mondelez International Inc. will post $1.95 EPS for the current year.
Several analysts have weighed in on MDLZ shares. Susquehanna reiterated a “buy” rating and set a $60.00 target price on shares of Mondelez International in a research note on Tuesday, August 30th. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday. RBC Capital Markets reissued an “outperform” rating and set a $54.00 price target on shares of Mondelez International in a report on Wednesday, August 31st. Deutsche Bank AG reissued a “hold” rating and set a $46.00 price target on shares of Mondelez International in a report on Thursday, November 10th. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $51.00 price target on shares of Mondelez International in a report on Thursday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $47.21.
In other news, Director Lewis W. K. Booth purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were acquired at an average price of $41.61 per share, for a total transaction of $104,025.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Trian Fund Management, L.P. sold 3,800,000 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $44.09, for a total value of $167,542,000.00. Following the completion of the transaction, the director now owns 13,495 shares in the company, valued at approximately $594,994.55. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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