Employees Retirement System of Texas boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 35.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 384,000 shares of the company’s stock after buying an additional 100,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Mondelez International were worth $16,585,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Mondelez International by 95.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock worth $425,709,000 after purchasing an additional 4,821,400 shares during the period. Bessemer Group Inc. lifted its stake in shares of Mondelez International by 8,492.9% during the 2nd quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after purchasing an additional 4,088,329 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Mondelez International by 186.2% during the 1st quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after purchasing an additional 2,975,800 shares during the period. Vanguard Group Inc. lifted its stake in shares of Mondelez International by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after purchasing an additional 2,720,253 shares during the period. Finally, Eaton Vance Management lifted its stake in shares of Mondelez International by 98.7% during the 2nd quarter. Eaton Vance Management now owns 5,038,277 shares of the company’s stock worth $217,603,000 after purchasing an additional 2,502,668 shares during the period. 76.41% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on the company. BMO Capital Markets reissued a “buy” rating and set a $48.00 price target on shares of Mondelez International in a research note on Thursday, November 2nd. J P Morgan Chase & Co increased their price target on Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Credit Suisse Group increased their price target on Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Buckingham Research reduced their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Finally, Susquehanna Bancshares Inc set a $45.00 price target on Mondelez International and gave the stock a “hold” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $49.40.
In related news, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares in the company, valued at approximately $858,307.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lewis W. K. Booth purchased 1,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $41.29 per share, with a total value of $61,935.00. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by corporate insiders.
Shares of Mondelez International, Inc. (NASDAQ MDLZ) opened at $42.05 on Tuesday. Mondelez International, Inc. has a twelve month low of $39.19 and a twelve month high of $47.23. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the prior year, the firm earned $0.52 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. equities analysts anticipate that Mondelez International, Inc. will post 2.14 earnings per share for the current year.
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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