Cannell Peter B & Co. Inc. Sells 66,415 Shares of Mondelez International Inc (MDLZ)
Cannell Peter B & Co. Inc. lessened its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 16.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 345,582 shares of the company’s stock after selling 66,415 shares during the period. Cannell Peter B & Co. Inc.’s holdings in Mondelez International were worth $14,051,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC increased its stake in shares of Mondelez International by 1,450.0% in the 2nd 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 stake in shares of 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 purchasing an additional 3,434 shares during the last quarter. Rockefeller Financial Services Inc. increased its stake in shares of Mondelez International by 300.0% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after purchasing an additional 3,000 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of 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 purchasing an additional 311 shares during the last quarter. Finally, Pointe Capital Management LLC bought a new position in shares of Mondelez International in the 2nd quarter valued at $202,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.
Several equities analysts have recently issued reports on the company. BidaskClub upgraded Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price target on shares of Mondelez International in a research note on Thursday, November 2nd. J P Morgan Chase & Co lifted their price target on Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Credit Suisse Group lifted their price target on Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Finally, Buckingham Research decreased 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $49.40.
Mondelez International Inc (MDLZ) opened at $43.25 on Wednesday. The company has a market capitalization of $64,826.55, a PE ratio of 21.16, a price-to-earnings-growth ratio of 1.79 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 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 announced its earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ 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 return on equity of 12.31% and a net margin of 8.61%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. equities analysts anticipate that Mondelez International Inc will post 2.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, December 28th. Mondelez International’s payout ratio is presently 61.11%.
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Mondelez International 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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