Princeton Portfolio Strategies Group LLC Sells 556 Shares of Mondelez International, Inc. (MDLZ)
Princeton Portfolio Strategies Group LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,031 shares of the company’s stock after selling 556 shares during the period. Mondelez International accounts for approximately 1.3% of Princeton Portfolio Strategies Group LLC’s portfolio, making the stock its 27th biggest holding. Princeton Portfolio Strategies Group LLC’s holdings in Mondelez International were worth $4,579,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Banque Pictet & Cie SA raised its holdings 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 buying an additional 8,962 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in shares of Mondelez International by 11.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock worth $20,093,000 after purchasing an additional 46,992 shares during the period. Vanguard Group Inc. increased its stake in shares of Mondelez International by 2.9% in the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after purchasing an additional 2,720,253 shares during the period. AQR Capital Management LLC increased its stake in shares of Mondelez International by 43.9% in the first quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock worth $18,975,000 after purchasing an additional 134,286 shares during the period. Finally, Engineers Gate Manager LP bought a new position in shares of Mondelez International in the second quarter worth about $3,867,000. Institutional investors own 76.05% of the company’s stock.
In related news, Director Lewis W. K. Booth acquired 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction that occurred 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 directly owns 20,965 shares in the company, valued at $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.
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, beating analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 earnings per share. equities research analysts predict that Mondelez International, Inc. will post 2.14 EPS for the current fiscal year.
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A number of equities analysts have recently commented on the company. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. UBS AG reiterated a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research note on Wednesday, August 9th. Zacks Investment Research lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $55.00 price objective on shares of Mondelez International in a research note on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Mondelez International currently has a consensus rating of “Buy” and an average price target of $49.40.
Mondelez International Company 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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