Todays Report: Today, Van Hulzen Asset Management LLC Takes Position in Mondelez International Inc. (MDLZ)

Today, Van Hulzen Asset Management LLC Takes Position in Mondelez International Inc. (MDLZ)

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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