Carnegie Capital Asset Management LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,128 shares of the company’s stock after selling 217 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Mondelez International were worth $755,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC increased its holdings in shares of Mondelez International by 637.3% in the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after purchasing an additional 1,963 shares during the last quarter. V Wealth Management LLC acquired a new stake in shares of Mondelez International in the second quarter valued at approximately $116,000. Acrospire Investment Management LLC increased its holdings in shares of Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after purchasing an additional 2,900 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after purchasing an additional 3,434 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Mondelez International by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after purchasing an additional 311 shares during the last quarter. 76.41% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on MDLZ. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $53.00 price target (down previously from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Piper Jaffray Companies raised 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 report on Tuesday, July 25th. UBS AG reaffirmed a “buy” rating and issued a $51.00 price target on shares of Mondelez International in a report on Wednesday, August 9th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. Finally, Morgan Stanley cut their price target on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $49.40.
Shares of Mondelez International, Inc. (MDLZ) opened at $41.95 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51. The stock has a market capitalization of $62,689.57, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. Mondelez International, Inc. has a one year low of $39.19 and a one year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The company had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. equities analysts expect that Mondelez International, Inc. will post 2.14 EPS for the current year.
In other news, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the transaction, the executive vice president now directly owns 20,965 shares in the company, valued at $858,307.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.60% of the company’s stock.
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.
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 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.