Dupont Capital Management Corp cut its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 318,172 shares of the company’s stock after selling 43,136 shares during the period. Dupont Capital Management Corp’s holdings in Mondelez International were worth $13,669,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Quad Cities Investment Group LLC acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $111,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Mondelez International in the 3rd quarter worth approximately $129,000. Kaizen Advisory LLC lifted its position in shares of Mondelez International by 131.7% in the 2nd quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock worth $139,000 after purchasing an additional 1,925 shares during the period. BKS Advisors LLC acquired a new position in shares of Mondelez International in the 3rd quarter worth approximately $141,000. Finally, Sun Life Financial INC lifted its position in shares of Mondelez International by 1,312.4% in the 2nd quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock worth $164,000 after purchasing an additional 3,714 shares during the period. Institutional investors and hedge funds own 75.00% of the company’s stock.
A number of research analysts have recently issued reports on MDLZ shares. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $45.00 to $47.00 and gave the stock a “$41.68” rating in a research report on Monday, July 23rd. UBS Group boosted their target price on shares of Mondelez International from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. DZ Bank upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. Credit Suisse Group set a $48.00 target price on shares of Mondelez International and gave the company a “buy” rating in a research report on Thursday, September 6th. Finally, Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the company a “buy” rating in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Mondelez International currently has an average rating of “Hold” and an average price target of $49.17.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 29th. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. The business had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.32 billion. Mondelez International had a net margin of 12.46% and a return on equity of 13.71%. Mondelez International’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. On average, equities research analysts expect that Mondelez International Inc will post 2.43 EPS for the current fiscal year.
In other Mondelez International news, EVP Daniel P. Myers sold 27,963 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total transaction of $1,214,712.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurizio Brusadelli sold 7,381 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $43.74, for a total transaction of $322,844.94. Following the sale, the executive vice president now owns 73,959 shares of the company’s stock, valued at approximately $3,234,966.66. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
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Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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