L & S Advisors Inc lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,103 shares of the company’s stock after selling 2,013 shares during the period. L & S Advisors Inc’s holdings in Mondelez International were worth $2,553,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the business. Proficio Capital Partners LLC raised its position in shares of Mondelez International by 637.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after purchasing an additional 1,963 shares during the last quarter. V Wealth Management LLC acquired a new position in shares of Mondelez International during the 2nd quarter worth about $116,000. Acrospire Investment Management LLC raised its position in shares of Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after purchasing an additional 2,900 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in Mondelez International by 2,056.3% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after acquiring an additional 3,434 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Mondelez International by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after acquiring an additional 311 shares during the last quarter. Institutional investors and hedge funds own 76.41% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at $42.53 on Wednesday. The stock has a market cap of $62,839.01, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. Mondelez International, Inc. has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The company 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%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. equities analysts predict that Mondelez International, Inc. will post 2.14 earnings per share for the current year.
A number of research firms have commented on MDLZ. UBS AG reiterated a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley cut their price objective on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 13th. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 price objective on shares of Mondelez International in a report on Tuesday, October 3rd. Buckingham Research cut their price objective on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Finally, Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and increased their price target for the company from $48.00 to $49.00 in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Mondelez International currently has a consensus rating of “Buy” and a consensus price target of $49.40.
In other news, Director Lewis W. K. Booth acquired 1,500 shares of Mondelez International stock in a transaction dated Thursday, November 9th. The shares were acquired at an average cost of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’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 completion of the sale, the executive vice president now 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 owned by corporate insiders.
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About Mondelez International
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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