Williams Jones & Associates LLC Continues to Hold Stake in Mondelez International, Inc. (MDLZ)
Williams Jones & Associates LLC held its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,464 shares of the company’s stock at the close of the 2nd quarter. Williams Jones & Associates LLC’s holdings in Mondelez International were worth $409,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in MDLZ. Banque Pictet & Cie SA lifted its position in Mondelez International by 90.1% during the second quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock valued at $816,000 after acquiring an additional 8,962 shares during the last quarter. Aberdeen Asset Management PLC UK lifted its position in Mondelez International by 11.2% during the second quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock valued at $20,093,000 after acquiring an additional 46,992 shares during the last quarter. Vanguard Group Inc. lifted its position in 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 acquiring an additional 2,720,253 shares during the last quarter. AQR Capital Management LLC lifted its position in Mondelez International by 43.9% during the first quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock valued at $18,975,000 after acquiring an additional 134,286 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in Mondelez International during the second quarter valued at approximately $3,867,000. 76.41% of the stock is owned by hedge funds and other institutional investors.
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A number of research firms recently commented on MDLZ. Royal Bank Of Canada reissued an “outperform” rating and set a $53.00 target price (down previously from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and increased their target price for the company from $48.00 to $49.00 in a research report on Tuesday, July 25th. UBS AG reissued a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Finally, Morgan Stanley decreased their target price on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $49.40.
Mondelez International, Inc. (NASDAQ:MDLZ) opened at $41.95 on Thursday. The stock has a market cap of $63,556.32, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.76 and a beta of 0.98. Mondelez International, Inc. has a 52 week low of $39.19 and a 52 week high of $47.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The firm had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 earnings per share. equities research analysts expect that Mondelez International, Inc. will post 2.14 earnings per share for the current fiscal year.
In other news, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the sale, the executive vice president now owns 20,965 shares in the company, valued at $858,307.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lewis W. K. Booth acquired 1,500 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average price of $41.29 per share, for a total transaction of $61,935.00. The disclosure for this purchase can be found here. 3.60% of the stock is owned by corporate insiders.
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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