Macquarie Group Ltd. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,799,699 shares of the company’s stock after selling 433,173 shares during the period. Mondelez International comprises about 1.3% of Macquarie Group Ltd.’s investment portfolio, making the stock its 25th biggest holding. Macquarie Group Ltd. owned 1.11% of Mondelez International worth $725,579,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Mondelez International by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock valued at $4,267,168,000 after buying an additional 1,168,269 shares during the period. Northern Trust Corp boosted its stake in shares of Mondelez International by 7.3% during the 2nd quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock valued at $936,717,000 after buying an additional 1,470,112 shares during the period. Lindsell Train Ltd boosted its stake in shares of Mondelez International by 16.2% during the 2nd quarter. Lindsell Train Ltd now owns 16,864,710 shares of the company’s stock valued at $728,387,000 after buying an additional 2,357,000 shares during the period. Geode Capital Management LLC boosted its stake in shares of Mondelez International by 7.2% during the 1st quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock valued at $664,480,000 after buying an additional 1,041,124 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Mondelez International by 9.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 13,753,346 shares of the company’s stock valued at $594,007,000 after buying an additional 1,243,500 shares during the period. 76.41% of the stock is owned by institutional investors.
Mondelez International, Inc. (NASDAQ MDLZ) opened at $42.19 on Friday. The company has a market cap of $62,689.57, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.73 and a beta of 0.98. Mondelez International, Inc. has a twelve month low of $39.19 and a twelve month high of $47.23. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm 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 8.61% and a return on equity of 12.31%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. analysts expect that Mondelez International, Inc. will post 2.14 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $53.00 target price (down previously from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $48.00 to $49.00 in a research note on Tuesday, July 25th. UBS AG reissued a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. Finally, Morgan Stanley decreased their target price on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $49.40.
In related news, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the transaction, the executive vice president now owns 20,965 shares in the company, valued at approximately $858,307.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lewis W. K. Booth bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $41.29 per share, for a total transaction of $61,935.00. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company’s stock.
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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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