Northeast Investment Management cut its position in Mondelez International Inc. (NASDAQ:MDLZ) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,393 shares of the company’s stock after selling 5,051 shares during the period. Northeast Investment Management’s holdings in Mondelez International were worth $7,254,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in MDLZ. Atlanta Capital Management Co. L L C purchased a new stake in Mondelez International during the first quarter valued at about $64,152,000. Renaissance Technologies LLC bought a new position in Mondelez International during the first quarter valued at approximately $60,104,000. USS Investment Management Ltd bought a new position in Mondelez International during the second quarter valued at approximately $28,668,000. Ferguson Wellman Capital Management Inc. increased its position in Mondelez International by 6,669.6% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 508,399 shares of the company’s stock valued at $23,137,000 after buying an additional 500,889 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Mondelez International by 107.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 879,613 shares of the company’s stock valued at $40,031,000 after buying an additional 456,048 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded up 2.96% on Friday, reaching $45.20. 11,470,061 shares of the company were exchanged. The stock’s 50-day moving average is $42.94 and its 200 day moving average is $43.71. Mondelez International Inc. has a 12-month low of $35.88 and a 12-month high of $46.77. The firm has a market capitalization of $69807.42 billion, a PE ratio of 79.30 and a beta of 1.02.
Mondelez International (NASDAQ:MDLZ) last posted 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. The business earned $6.40 billion during the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a return on equity of 10.88% and a net margin of 3.16%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. On average, analysts forecast that Mondelez International Inc. will post $1.92 EPS for the current year.
Several equities analysts have commented on MDLZ shares. Credit Suisse Group AG reiterated a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a report on Thursday, September 1st. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Mondelez International in a research note on Saturday, July 2nd. Societe Generale downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and upped their price target for the company from $35.88 to $43.94 in a research note on Thursday, July 28th. Finally, Susquehanna restated a “hold” rating on shares of Mondelez International in a research note on Sunday, July 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and an average price target of $47.21.
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.