Mondelez International Inc (MDLZ) Position Boosted by Nomura Asset Management Co. Ltd.
Nomura Asset Management Co. Ltd. boosted its position in Mondelez International Inc (NASDAQ:MDLZ) by 46.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 734,819 shares of the company’s stock after buying an additional 234,758 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.05% of Mondelez International worth $31,569,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quad Cities Investment Group LLC acquired a new position in shares of Mondelez International during the second quarter valued at about $111,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Mondelez International during the third quarter valued at about $129,000. Kaizen Advisory LLC raised its holdings in shares of Mondelez International by 131.7% during the second quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock valued at $139,000 after purchasing an additional 1,925 shares during the period. BKS Advisors LLC bought a new stake in shares of Mondelez International during the third quarter worth about $141,000. Finally, Sun Life Financial INC increased its position in shares of Mondelez International by 1,312.4% during the second quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock worth $164,000 after acquiring an additional 3,714 shares in the last quarter. Institutional investors and hedge funds own 75.51% of the company’s stock.
In other Mondelez International news, EVP Maurizio Brusadelli sold 7,381 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $43.74, for a total value of $322,844.94. Following the completion of the sale, the executive vice president now directly owns 73,959 shares of the company’s stock, valued at approximately $3,234,966.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel P. Myers sold 27,963 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total transaction of $1,214,712.72. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Monday, October 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. Mondelez International had a net margin of 12.46% and a return on equity of 13.71%. The business had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $6.32 billion. During the same period in the prior year, the firm posted $0.57 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities analysts expect that Mondelez International Inc will post 2.43 EPS for the current year.
Several research firms have recently commented on MDLZ. BidaskClub downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. DZ Bank raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $45.00 to $47.00 and gave the stock a “$41.68” rating in a research report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $49.17.
About Mondelez International
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.
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