British Columbia Investment Management Corp Reduces Position in Mondelez International Inc. (MDLZ)
British Columbia Investment Management Corp cut its position in shares of Mondelez International Inc. (NASDAQ:MDLZ) by 13.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 838,147 shares of the company’s stock after selling 125,273 shares during the period. British Columbia Investment Management Corp owned approximately 0.05% of Mondelez International worth $36,795,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. BlueMountain Capital Management LLC acquired a new position in shares of Mondelez International during the second quarter worth about $118,000. Bellwether Investment Group LLC purchased a new stake in shares of Mondelez International during the second quarter worth about $129,000. Pinkerton Retirement Specialists LLC boosted its stake in shares of Mondelez International by 11,676.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,944 shares of the company’s stock worth $134,000 after buying an additional 2,919 shares during the period. Cable Hill Partners LLC boosted its stake in shares of Mondelez International by 12.9% in the second quarter. Cable Hill Partners LLC now owns 3,021 shares of the company’s stock worth $137,000 after buying an additional 346 shares during the period. Finally, Thompson Davis & CO. Inc. boosted its stake in shares of Mondelez International by 72.3% in the second quarter. Thompson Davis & CO. Inc. now owns 3,260 shares of the company’s stock worth $148,000 after buying an additional 1,368 shares during the period. 75.19% of the stock is owned by hedge funds and other institutional investors.
Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded down 0.72% during midday trading on Monday, hitting $42.97. 3,660,415 shares of the company were exchanged. Mondelez International Inc. has a one year low of $35.88 and a one year high of $46.40. The firm has a market capitalization of $66.36 billion, a price-to-earnings ratio of 82.00 and a beta of 1.11. The firm’s 50 day moving average price is $42.99 and its 200 day moving average price is $43.71.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, October 26th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. Mondelez International had a net margin of 3.16% and a return on equity of 10.88%. The firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter last year, the business posted $0.38 earnings per share. The company’s quarterly revenue was down 6.6% on a year-over-year basis. Analysts forecast that Mondelez International Inc. will post $1.95 EPS for the current fiscal year.
A number of research analysts have recently issued reports on MDLZ shares. Credit Suisse Group AG reiterated a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a research note on Thursday, September 1st. RBC Capital Markets reiterated an “outperform” rating and issued a $54.00 price objective on shares of Mondelez International in a research report on Wednesday, August 31st. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $44.19 price objective (up previously from $35.88) on shares of Mondelez International in a research note on Tuesday, September 6th. Deutsche Bank AG restated a “hold” rating and set a $46.00 target price on shares of Mondelez International in a report on Thursday, November 10th. Finally, Susquehanna restated a “buy” rating on shares of Mondelez International in a research note on Monday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the stock. Mondelez International presently has an average rating of “Buy” and a consensus target price of $47.21.
In other news, Director Trian Fund Management, L.P. sold 3,800,000 shares of Mondelez International stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $44.09, for a total transaction of $167,542,000.00. Following the transaction, the director now owns 13,495 shares in the company, valued at $594,994.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lewis W. K. Booth purchased 2,500 shares of the business’s stock in a transaction dated 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 disclosure for this purchase can be found here. 3.90% of the stock is currently owned by company insiders.
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.
Receive News & Stock Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related stocks with our FREE daily email newsletter.