Monetary Management Group Inc. Trims Position in Mondelez International, Inc. (MDLZ)
Monetary Management Group Inc. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,994 shares of the company’s stock after selling 150 shares during the quarter. Monetary Management Group Inc.’s holdings in Mondelez International were worth $475,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of MDLZ. Proficio Capital Partners LLC grew its position in Mondelez International by 637.3% during the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after buying an additional 1,963 shares during the period. Acrospire Investment Management LLC grew its position in Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after buying an additional 2,900 shares during the period. Chicago Partners Investment Group LLC grew its position in Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after buying an additional 3,434 shares during the period. Parkside Financial Bank & Trust grew its position in Mondelez International by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after buying an additional 311 shares during the period. Finally, Pointe Capital Management LLC bought a new position in Mondelez International during the second quarter valued at about $202,000. Institutional investors own 76.41% of the company’s stock.
Shares of Mondelez International, Inc. (MDLZ) opened at $42.30 on Friday. Mondelez International, Inc. has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The stock has a market cap of $63,050.00, a PE ratio of 20.75, a PEG ratio of 1.76 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 (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the prior year, the firm posted $0.52 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. research analysts predict that Mondelez International, Inc. will post 2.14 EPS for the current year.
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In other news, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction dated 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 directly 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 is available at this link. Also, Director Lewis W. K. Booth purchased 1,500 shares of the stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $41.29 per share, for a total transaction of $61,935.00. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.
MDLZ has been the subject of several research reports. UBS AG restated a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research report on Friday, October 13th. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $53.00 price objective on shares of Mondelez International in a report on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a report on Tuesday, September 19th. Finally, Buckingham Research dropped their price objective on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $49.40.
Mondelez International Profile
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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