Swiss National Bank Acquires 20,500 Shares of Mondelez International Inc (MDLZ)
Swiss National Bank raised its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,598,377 shares of the company’s stock after purchasing an additional 20,500 shares during the period. Swiss National Bank owned approximately 371,333.81% of Mondelez International worth $227,630,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Homrich & Berg boosted its holdings in Mondelez International by 1.9% in the 1st quarter. Homrich & Berg now owns 10,560 shares of the company’s stock valued at $455,000 after purchasing an additional 196 shares during the period. Boston Financial Mangement LLC boosted its holdings in Mondelez International by 8.8% in the 1st quarter. Boston Financial Mangement LLC now owns 9,661 shares of the company’s stock valued at $416,000 after purchasing an additional 783 shares during the period. Stephens Inc. AR boosted its holdings in Mondelez International by 30.6% in the 1st quarter. Stephens Inc. AR now owns 24,709 shares of the company’s stock valued at $1,064,000 after purchasing an additional 5,792 shares during the period. Godshalk Welsh Capital Management Inc. boosted its holdings in Mondelez International by 0.4% in the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 26,750 shares of the company’s stock valued at $1,152,000 after purchasing an additional 100 shares during the period. Finally, Israel Discount Bank of New York bought a new stake in Mondelez International in the 1st quarter valued at about $704,000. 75.86% of the stock is owned by hedge funds and other institutional investors.
MDLZ has been the subject of a number of recent research reports. Royal Bank Of Canada reissued a “buy” rating on shares of Mondelez International in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. UBS reaffirmed a “buy” rating and set a $49.00 price target on shares of Mondelez International in a report on Friday, October 13th. Credit Suisse Group upped their price target on shares of Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Finally, J P Morgan Chase & Co upped their price target on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Mondelez International presently has a consensus rating of “Buy” and an average price target of $49.40.
In related news, Director Lewis W. K. Booth acquired 1,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was acquired 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 available through this link. Also, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following 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. 3.60% of the stock is owned by corporate insiders.
Mondelez International Inc (NASDAQ:MDLZ) opened at $42.65 on Monday. The stock has a market cap of $63,735.65, a P/E ratio of 20.80, a P/E/G ratio of 1.76 and a beta of 0.98. Mondelez International Inc has a 12-month low of $39.19 and a 12-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 released its quarterly earnings data 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. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a net margin of 13.63% and a return on equity of 15.38%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 EPS. analysts anticipate that Mondelez International Inc will post 2.14 earnings per share for the current year.
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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