Mondelez International Inc (MDLZ) Holdings Reduced by Chemical Bank
Chemical Bank trimmed its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,738 shares of the company’s stock after selling 1,318 shares during the period. Chemical Bank’s holdings in Mondelez International were worth $891,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Quad Cities Investment Group LLC purchased a new position in shares of Mondelez International in the 2nd quarter worth $111,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Mondelez International in the 3rd quarter worth $129,000. Kaizen Advisory LLC boosted its stake in shares of Mondelez International by 131.7% in the 2nd quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock worth $139,000 after buying an additional 1,925 shares during the last quarter. BKS Advisors LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth $141,000. Finally, Sun Life Financial INC boosted its stake in shares of Mondelez International by 1,312.4% in the 2nd quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock worth $164,000 after buying an additional 3,714 shares during the last quarter. Institutional investors and hedge funds own 75.00% of the company’s stock.
A number of equities analysts have recently issued reports on MDLZ shares. ValuEngine upgraded Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, July 14th. Royal Bank of Canada dropped their price target on Mondelez International to $51.00 and set an “outperform” rating on the stock in a research note on Monday, July 16th. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. JPMorgan Chase & Co. raised their price target on Mondelez International from $45.00 to $47.00 and gave the stock a “$41.68” rating in a research note on Monday, July 23rd. Finally, BidaskClub downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.17.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Monday, October 29th. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $6.32 billion. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. Mondelez International’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. On average, equities research analysts anticipate that Mondelez International Inc will post 2.43 EPS for the current year.
In related news, EVP Maurizio Brusadelli sold 7,381 shares of Mondelez International stock in a transaction on Friday, September 14th. The stock was sold at an average price of $43.74, for a total transaction of $322,844.94. Following the transaction, the executive vice president now directly owns 73,959 shares in the company, valued at $3,234,966.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel P. Myers sold 27,963 shares of Mondelez International stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total value of $1,214,712.72. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
Recommended Story: Cost of Debt
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International Inc (NASDAQ:MDLZ).
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.