Clarkston Capital Partners LLC Has $17.42 Million Stake in Mondelez International, Inc. (MDLZ)
Clarkston Capital Partners LLC cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 428,527 shares of the company’s stock after selling 2,320 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Mondelez International were worth $17,424,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Banque Pictet & Cie SA raised its position in shares of Mondelez International by 90.1% in the 2nd quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock valued at $816,000 after buying an additional 8,962 shares in the last quarter. Aberdeen Asset Management PLC UK increased its position in Mondelez International by 11.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock worth $20,093,000 after purchasing an additional 46,992 shares in the last quarter. Vanguard Group Inc. increased its position in 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 in the last quarter. Engineers Gate Manager LP acquired a new position in Mondelez International during the 2nd quarter worth approximately $3,867,000. Finally, AQR Capital Management LLC increased its position in Mondelez International by 43.9% during the 1st quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock worth $18,975,000 after purchasing an additional 134,286 shares in the last quarter. Institutional investors own 75.86% of the company’s stock.
Mondelez International, Inc. (NASDAQ:MDLZ) opened at $43.11 on Tuesday. 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, Inc. has a 12-month low of $39.19 and a 12-month high of $47.23. The stock has a market cap of $64,139.13, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98.
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 Thomson Reuters’ consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue was up 2.1% on a year-over-year basis. equities research analysts predict that Mondelez International, Inc. will post 2.14 earnings per share for the current year.
In other Mondelez International news, Director Lewis W. K. Booth purchased 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were 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 owns 20,965 shares of the company’s stock, valued at $858,307.10. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
A number of research firms recently issued reports on MDLZ. UBS reiterated a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a research report on Friday, October 13th. Morgan Stanley lowered their price objective on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 price objective on shares of Mondelez International in a research report on Tuesday, October 3rd. Buckingham Research lowered their price objective on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $55.00 price objective on shares of Mondelez International in a research report on Wednesday, September 20th. One equities research 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 stock has a consensus rating of “Buy” and a consensus price target of $49.40.
About Mondelez International
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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