Mondelez International, Inc. (MDLZ) Holdings Cut by Bank of Nova Scotia
Bank of Nova Scotia lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 58.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 420,101 shares of the company’s stock after selling 583,661 shares during the period. Bank of Nova Scotia’s holdings in Mondelez International were worth $18,144,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in MDLZ. Caisse DE Depot ET Placement DU Quebec grew its holdings in Mondelez International by 95.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock worth $425,709,000 after acquiring an additional 4,821,400 shares during the last quarter. Bessemer Group Inc. grew its holdings in Mondelez International by 8,492.9% in the 2nd quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after acquiring an additional 4,088,329 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Mondelez International by 186.2% in the 1st quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after acquiring an additional 2,975,800 shares during the last quarter. Vanguard Group Inc. grew its holdings in Mondelez International by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after acquiring an additional 2,720,253 shares during the last quarter. Finally, Eaton Vance Management boosted its stake in shares of Mondelez International by 98.7% during the 2nd quarter. Eaton Vance Management now owns 5,038,277 shares of the company’s stock valued at $217,603,000 after purchasing an additional 2,502,668 shares in the last quarter. 76.05% of the stock is currently owned by institutional investors and hedge funds.
In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of Mondelez International 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lewis W. K. Booth bought 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of $41.29 per share, with a total value of $61,935.00. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by insiders.
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A number of equities research analysts have recently weighed in on the stock. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. UBS AG reaffirmed a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research note on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $53.00 target price on shares of Mondelez International in a research note on Tuesday, October 3rd. BMO Capital Markets reaffirmed a “buy” rating and set a $48.00 target price on shares of Mondelez International in a research note on Thursday, November 2nd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $55.00 target price on shares of Mondelez International in a research note on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $49.40.
Shares of Mondelez International, Inc. (NASDAQ MDLZ) opened at $42.11 on Tuesday. 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. The company has a market cap of $63,290.00, a PE ratio of 20.63, a P/E/G ratio of 1.75 and a beta of 0.98.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The business 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%. Mondelez International’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. analysts expect that Mondelez International, Inc. will post 2.14 EPS for the current fiscal year.
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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