Pecaut & CO. lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 40,893 shares of the company’s stock after selling 2,350 shares during the quarter. Mondelez International comprises about 1.4% of Pecaut & CO.’s portfolio, making the stock its 23rd largest position. Pecaut & CO.’s holdings in Mondelez International were worth $1,663,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Mondelez International by 95.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock valued at $425,709,000 after buying an additional 4,821,400 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Mondelez International by 8,492.9% in the 2nd quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock valued at $178,655,000 after buying an additional 4,088,329 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Mondelez International by 186.2% in the 1st quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock valued at $197,031,000 after buying an additional 2,975,800 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Mondelez International by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after buying an additional 2,720,253 shares during the period. Finally, Eaton Vance Management lifted its holdings in shares of Mondelez International by 98.7% in the 2nd quarter. Eaton Vance Management now owns 5,038,277 shares of the company’s stock valued at $217,603,000 after buying an additional 2,502,668 shares during the period. 75.86% of the stock is owned by institutional investors.
In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the business’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 completion of the sale, the executive vice president now directly owns 20,965 shares in the company, valued at approximately $858,307.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lewis W. K. Booth acquired 1,500 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $41.29 per share, with a total value of $61,935.00. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by insiders.
Mondelez International (NASDAQ:MDLZ) last announced 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 return on equity of 12.31% and a net margin of 8.61%. The firm had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the business earned $0.52 EPS. Mondelez International’s revenue for the quarter was up 2.1% compared to the same quarter last year. research analysts forecast that Mondelez International, Inc. will post 2.14 earnings per share for the current year.
MDLZ has been the subject of several analyst reports. UBS reissued a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Friday, October 13th. BMO Capital Markets reissued a “buy” rating and issued a $48.00 price objective on shares of Mondelez International in a report on Thursday, November 2nd. Buckingham Research cut their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. J P Morgan Chase & Co lifted their price target on Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, Morgan Stanley cut their price target on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price 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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