WINTON GROUP Ltd Increases Position in Mondelez International, Inc. (MDLZ)
WINTON GROUP Ltd lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1,498.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 158,682 shares of the company’s stock after purchasing an additional 148,753 shares during the period. WINTON GROUP Ltd’s holdings in Mondelez International were worth $6,853,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dai Ichi Life Insurance Company Ltd raised its stake in Mondelez International by 2.4% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 262,104 shares of the company’s stock worth $11,291,000 after buying an additional 6,025 shares in the last quarter. Blair William & Co. IL increased its position in shares of Mondelez International by 22.6% during the first quarter. Blair William & Co. IL now owns 109,013 shares of the company’s stock worth $4,778,000 after purchasing an additional 20,123 shares in the last quarter. American International Group Inc. increased its position in shares of Mondelez International by 4.9% during the first quarter. American International Group Inc. now owns 628,883 shares of the company’s stock worth $27,092,000 after purchasing an additional 29,620 shares in the last quarter. Focused Wealth Management Inc increased its position in shares of Mondelez International by 158.6% during the first quarter. Focused Wealth Management Inc now owns 12,839 shares of the company’s stock worth $553,000 after purchasing an additional 7,875 shares in the last quarter. Finally, Cibc World Markets Corp increased its position in shares of Mondelez International by 42.4% during the first quarter. Cibc World Markets Corp now owns 1,859,427 shares of the company’s stock worth $80,104,000 after purchasing an additional 553,443 shares in the last quarter. Hedge funds and other institutional investors own 76.05% of the company’s stock.
Shares of Mondelez International, Inc. (MDLZ) opened at $42.15 on Friday. Mondelez International, Inc. has a 1-year low of $39.19 and a 1-year high of $47.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34. The company has a market cap of $63,257.45, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, beating the 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 for the quarter, compared to analyst estimates of $6.45 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. equities research analysts anticipate that Mondelez International, Inc. will post 2.14 EPS for the current year.
In other news, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the sale, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lewis W. K. Booth bought 1,500 shares of the stock in a transaction dated 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. Corporate insiders own 3.60% of the company’s stock.
A number of brokerages have recently issued reports on MDLZ. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $53.00 price target (down from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. UBS AG reaffirmed a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Morgan Stanley reduced their price target on Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 13th. Finally, Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $49.40.
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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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