Mondelez International, Inc. (MDLZ) Director Purchases $61,935.00 in Stock
Mondelez International, Inc. (NASDAQ:MDLZ) Director Lewis W. K. Booth acquired 1,500 shares of the stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) traded down $0.58 during trading hours on Thursday, hitting $41.95. 8,702,600 shares of the company were exchanged, compared to its average volume of 7,834,074. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49. The stock has a market cap of $62,690.00, a P/E ratio of 20.75, a P/E/G ratio of 1.76 and a beta of 0.98. Mondelez International, Inc. has a 52 week low of $39.19 and a 52 week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The company had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. analysts predict that Mondelez International, Inc. will post 2.14 EPS for the current year.
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A number of analysts have commented on MDLZ shares. Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Royal Bank Of Canada restated an “outperform” rating and set a $53.00 price target (down previously from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. Piper Jaffray Companies restated a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research note on Tuesday, September 19th. Susquehanna Bancshares Inc restated a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. Finally, UBS AG restated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $49.40.
Several large investors have recently modified their holdings of MDLZ. Caisse DE Depot ET Placement DU Quebec boosted 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 worth $425,709,000 after buying an additional 4,821,400 shares during the last quarter. Bessemer Group Inc. boosted 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 worth $178,655,000 after buying an additional 4,088,329 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Mondelez International by 348.9% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock worth $164,450,000 after buying an additional 3,143,550 shares during the last quarter. Lindsell Train Ltd boosted its holdings in shares of Mondelez International by 18.3% in the 3rd quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after buying an additional 3,086,000 shares during the last quarter. Finally, Renaissance Technologies LLC boosted 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 worth $197,031,000 after buying an additional 2,975,800 shares during the last quarter. 76.41% of the stock is currently owned by institutional investors.
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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