Peapack Gladstone Financial Corp Has $663,000 Position in Mondelez International, Inc. (MDLZ)
Peapack Gladstone Financial Corp boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,346 shares of the company’s stock after buying an additional 1,365 shares during the period. Peapack Gladstone Financial Corp’s holdings in Mondelez International were worth $663,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Proficio Capital Partners LLC lifted its holdings in 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 buying an additional 1,963 shares during the period. Acrospire Investment Management LLC lifted its holdings in 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 buying an additional 2,900 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in 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 buying an additional 3,434 shares during the period. Parkside Financial Bank & Trust lifted its holdings in 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 buying an additional 311 shares during the period. Finally, Pointe Capital Management LLC acquired a new position in Mondelez International in the second quarter valued at approximately $202,000. Institutional investors and hedge funds own 76.41% of the company’s stock.
MDLZ has been the topic of several analyst reports. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “buy” rating on shares of Mondelez International in a report on Friday, September 1st. UBS AG reiterated a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $55.00 target price on shares of Mondelez International in a report on Wednesday, September 20th. One investment 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 stock. The company has an average rating of “Buy” and a consensus target price of $49.40.
Shares of Mondelez International, Inc. (MDLZ) opened at $42.30 on Friday. 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, Inc. has a 12-month low of $39.19 and a 12-month high of $47.23. The stock has a market cap of $63,050.00, a price-to-earnings ratio of 20.75, a PEG ratio of 1.76 and a beta of 0.98.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. research analysts expect that Mondelez International, Inc. will post 2.14 EPS for the current fiscal year.
In related news, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lewis W. K. Booth bought 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost 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 owned by corporate insiders.
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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