Wilbanks Smith & Thomas Asset Management LLC Lowers Position in Mondelez International, Inc. (MDLZ)
Wilbanks Smith & Thomas Asset Management LLC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,834 shares of the company’s stock after selling 1,118 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Mondelez International were worth $857,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Stifel Financial Corp increased its stake in Mondelez International by 34.2% during the first quarter. Stifel Financial Corp now owns 974,756 shares of the company’s stock valued at $42,011,000 after acquiring an additional 248,624 shares during the period. SG Americas Securities LLC increased its stake in Mondelez International by 157.6% during the first quarter. SG Americas Securities LLC now owns 486,911 shares of the company’s stock valued at $20,976,000 after acquiring an additional 297,891 shares during the period. Clinton Group Inc. bought a new stake in shares of Mondelez International in the 1st quarter valued at approximately $2,479,000. Wayne Hummer Investments L.L.C. bought a new stake in shares of Mondelez International in the 1st quarter valued at approximately $349,000. Finally, Spinnaker Trust grew its stake in shares of Mondelez International by 3.3% in the 1st quarter. Spinnaker Trust now owns 4,910 shares of the company’s stock valued at $212,000 after purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 76.05% of the company’s stock.
Mondelez International, Inc. (NASDAQ:MDLZ) opened at $42.32 on Wednesday. The company has a market capitalization of $62,928.68, a P/E ratio of 20.54, a PEG ratio of 1.74 and a beta of 0.98. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49. Mondelez International, Inc. has a 1-year low of $39.19 and a 1-year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The business 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%. Mondelez International’s 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. research analysts anticipate that Mondelez International, Inc. will post 2.14 earnings per share for the current fiscal year.
Several research firms have recently weighed in on MDLZ. BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price objective on shares of Mondelez International in a research note on Thursday, November 2nd. J P Morgan Chase & Co upped their price objective 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 upped their price objective on Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Buckingham Research lowered their price objective 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. Finally, Susquehanna Bancshares Inc set a $45.00 price objective on Mondelez International and gave the company a “hold” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $49.40.
In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction 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 approximately $858,307.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lewis W. K. Booth acquired 1,500 shares of Mondelez International stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $41.29 per share, for a total transaction of $61,935.00. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by corporate insiders.
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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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