Zurich Insurance Group Ltd FI Reduces Holdings in Mondelez International, Inc. (MDLZ)
Zurich Insurance Group Ltd FI cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 201,416 shares of the company’s stock after selling 13,044 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Mondelez International were worth $8,699,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC grew its stake in Mondelez International by 637.3% during the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after purchasing an additional 1,963 shares during the period. V Wealth Management LLC acquired a new stake in Mondelez International during the second quarter worth approximately $116,000. Acrospire Investment Management LLC grew its stake in Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after purchasing an additional 2,900 shares during the period. Chicago Partners Investment Group LLC grew its stake in Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after purchasing an additional 3,434 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in Mondelez International by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock worth $176,000 after purchasing an additional 311 shares during the period. Hedge funds and other institutional investors own 76.41% of the company’s stock.
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In other Mondelez International news, Director Lewis W. K. Booth purchased 1,500 shares of the stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction 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 approximately $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.
Several equities research analysts recently commented on the company. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. Royal Bank Of Canada reissued a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. UBS AG reissued a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research note on Wednesday, August 9th. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $55.00 price objective on shares of Mondelez International in a research note on Wednesday, September 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $49.40.
Shares of Mondelez International, Inc. (MDLZ) opened at $42.53 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $62,839.01, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. Mondelez International, Inc. has a twelve month low of $39.19 and a twelve month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, beating 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 firm had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. equities research analysts predict that Mondelez International, Inc. will post 2.14 EPS for the current year.
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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