Community Trust & Investment Co. Acquires 190,784 Shares of Mondelez International Inc (MDLZ)
Community Trust & Investment Co. grew its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 125.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 343,132 shares of the company’s stock after purchasing an additional 190,784 shares during the quarter. Mondelez International makes up 1.5% of Community Trust & Investment Co.’s portfolio, making the stock its 29th biggest position. Community Trust & Investment Co.’s holdings in Mondelez International were worth $13,952,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC raised its stake in shares of Mondelez International by 637.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after acquiring an additional 1,963 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after acquiring an additional 2,900 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Mondelez International by 2,056.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after acquiring an additional 3,434 shares in the last quarter. Rockefeller Financial Services Inc. raised its stake in shares of Mondelez International by 300.0% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Mondelez International by 8.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock worth $176,000 after acquiring an additional 311 shares in the last quarter. Institutional investors and hedge funds own 75.86% of the company’s stock.
In other news, Director Lewis W. K. Booth purchased 1,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of $41.29 per share, with a total value of $61,935.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.60% of the company’s stock.
Several research analysts recently commented on the stock. BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. BMO Capital Markets restated 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 upped their price target on shares of 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 upped their price target on shares of 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 cut their price target on shares of 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 analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mondelez International currently has a consensus rating of “Buy” and an average price target of $49.40.
Shares of Mondelez International Inc (MDLZ) opened at $42.87 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 cap of $63,740.00, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.76 and a beta of 0.98. 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 quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the prior year, the firm posted $0.52 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. analysts anticipate that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
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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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