Sandhill Capital Partners LLC Has $478,000 Stake in Mondelez International, Inc. (MDLZ)
Sandhill Capital Partners LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,076 shares of the company’s stock after buying an additional 219 shares during the period. Sandhill Capital Partners LLC’s holdings in Mondelez International were worth $478,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Mondelez International by 95.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock valued at $425,709,000 after buying an additional 4,821,400 shares during the period. Bessemer Group Inc. increased its position in shares of Mondelez International by 8,492.9% during the second quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock valued at $178,655,000 after buying an additional 4,088,329 shares during the period. Renaissance Technologies LLC increased its position in shares of Mondelez International by 186.2% during the first quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock valued at $197,031,000 after buying an additional 2,975,800 shares during the period. Vanguard Group Inc. increased its position in shares of Mondelez International by 2.9% during the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after buying an additional 2,720,253 shares during the period. Finally, Eaton Vance Management increased its position in shares of Mondelez International by 98.7% during the second quarter. Eaton Vance Management now owns 5,038,277 shares of the company’s stock valued at $217,603,000 after buying an additional 2,502,668 shares during the period. Hedge funds and other institutional investors own 76.41% of the company’s stock.
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Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at $41.95 on Monday. The stock has a market capitalization of $62,689.57, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34. Mondelez International, Inc. has a 52 week low of $39.19 and a 52 week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. Mondelez International’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. equities analysts expect that Mondelez International, Inc. will post 2.14 EPS for the current year.
In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the sale, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.60% of the stock is owned by corporate insiders.
Several equities research analysts have recently weighed in on the company. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. UBS AG reiterated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research report on Wednesday, August 9th. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $55.00 price target on shares of Mondelez International in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $49.40.
About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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