Bradley Foster & Sargent Inc. CT Acquires 59,152 Shares of Mondelez International Inc (MDLZ)
Bradley Foster & Sargent Inc. CT lifted its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 10.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 643,754 shares of the company’s stock after acquiring an additional 59,152 shares during the quarter. Bradley Foster & Sargent Inc. CT owned 42,699.45% of Mondelez International worth $26,175,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in MDLZ. Homrich & Berg increased its stake in shares of Mondelez International by 1.9% in the first quarter. Homrich & Berg now owns 10,560 shares of the company’s stock worth $455,000 after buying an additional 196 shares during the period. Boston Financial Mangement LLC increased its stake in shares of Mondelez International by 8.8% in the first quarter. Boston Financial Mangement LLC now owns 9,661 shares of the company’s stock worth $416,000 after buying an additional 783 shares during the period. Stephens Inc. AR increased its stake in shares of Mondelez International by 30.6% in the first quarter. Stephens Inc. AR now owns 24,709 shares of the company’s stock worth $1,064,000 after buying an additional 5,792 shares during the period. Godshalk Welsh Capital Management Inc. increased its stake in shares of Mondelez International by 0.4% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 26,750 shares of the company’s stock worth $1,152,000 after buying an additional 100 shares during the period. Finally, Israel Discount Bank of New York purchased a new position in shares of Mondelez International in the first quarter worth $704,000. Hedge funds and other institutional investors own 75.86% of the company’s stock.
MDLZ has been the topic of several analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 target price on shares of Mondelez International in a research note on Thursday, November 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a research note on Tuesday, September 19th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Tuesday, October 3rd. Finally, UBS reaffirmed a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a research note on Friday, October 13th. 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 presently has an average rating of “Buy” and a consensus price target of $49.40.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a net margin of 13.63% and a return on equity of 15.38%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. equities research analysts predict that Mondelez International Inc will post 2.14 earnings per share for the current year.
In related news, Director Lewis W. K. Booth acquired 1,500 shares of Mondelez International stock in a transaction on Thursday, November 9th. The shares were acquired at an average cost of $41.29 per share, with a total value of $61,935.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the transaction, 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 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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