Mondelez International, Inc. (MDLZ) Position Reduced by Macquarie Group Ltd.

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.

ILLEGAL ACTIVITY NOTICE: This report was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://stocknewstimes.com/2017/11/17/mondelez-international-inc-mdlz-position-reduced-by-macquarie-group-ltd.html.

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.

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

Receive News & Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply