Lewis W. K. Booth Acquires 2,500 Shares of Mondelez International Inc. (MDLZ) Stock
Mondelez International Inc. (NASDAQ:MDLZ) Director Lewis W. K. Booth acquired 2,500 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were bought at an average cost of $41.61 per share, with a total value of $104,025.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Mondelez International Inc. (NASDAQ:MDLZ) opened at 42.37 on Wednesday. The stock has a 50 day moving average of $43.07 and a 200 day moving average of $43.76. The stock has a market cap of $65.44 billion, a P/E ratio of 80.86 and a beta of 1.11. Mondelez International Inc. has a one year low of $35.88 and a one year high of $46.40.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.09. The firm had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a net margin of 3.16% and a return on equity of 10.88%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. Equities analysts expect that Mondelez International Inc. will post $1.95 EPS for the current fiscal year.
A number of equities analysts recently weighed in on MDLZ shares. Credit Suisse Group AG reaffirmed a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research report on Thursday, September 1st. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $44.19 price objective (up previously from $35.88) on shares of Mondelez International in a research report on Tuesday, September 6th. Societe Generale lowered shares of Mondelez International from a “buy” rating to a “hold” rating and increased their target price for the stock from $35.88 to $43.94 in a report on Thursday, July 28th. Finally, Susquehanna reiterated a “buy” rating on shares of Mondelez International in a report on Monday, August 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. Mondelez International currently has an average rating of “Buy” and an average target price of $47.16.
Hedge funds have recently bought and sold shares of the stock. Clark Capital Management Group Inc. boosted its stake in Mondelez International by 25.5% in the first quarter. Clark Capital Management Group Inc. now owns 14,192 shares of the company’s stock valued at $569,000 after buying an additional 2,888 shares in the last quarter. Halsey Associates Inc. CT boosted its stake in Mondelez International by 3.5% in the first quarter. Halsey Associates Inc. CT now owns 6,781 shares of the company’s stock valued at $272,000 after buying an additional 229 shares in the last quarter. Sterling Ridge Capital Management LP bought a new stake in Mondelez International during the first quarter valued at about $875,000. Atlanta Capital Management Co. L L C bought a new stake in Mondelez International during the first quarter valued at about $64,152,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Mondelez International during the first quarter valued at about $978,000. 76.55% of the stock is currently owned by hedge funds and other institutional investors.
About Mondelez International
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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