Pittenger & Anderson Inc. grew its position in Mondelez International (NASDAQ:MDLZ) by 3.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,195 shares of the company’s stock after purchasing an additional 1,460 shares during the period. Pittenger & Anderson Inc.’s holdings in Mondelez International were worth $2,011,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in Mondelez International by 3,206.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 44,532 shares of the company’s stock worth $1,906,000 after buying an additional 43,185 shares in the last quarter. Timber Hill LLC acquired a new position in Mondelez International during the 4th quarter worth about $4,451,000. Princeton Capital Management LLC acquired a new position in Mondelez International during the 4th quarter worth about $313,000. Virtus Fund Advisers LLC lifted its position in Mondelez International by 17.6% during the 4th quarter. Virtus Fund Advisers LLC now owns 2,314,248 shares of the company’s stock worth $99,557,000 after buying an additional 345,837 shares in the last quarter. Finally, Good Life Advisors LLC acquired a new position in Mondelez International during the 4th quarter worth about $201,000. Institutional investors own 75.98% of the company’s stock.
In other Mondelez International news, Director Trian Fund Management, L.P. bought 1,028,600 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was acquired at an average cost of $44.27 per share, with a total value of $45,536,122.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Hubert Weber sold 10,931 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $43.79, for a total value of $478,668.49. Following the sale, the executive vice president now directly owns 160,865 shares of the company’s stock, valued at $7,044,278.35. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.
Shares of MDLZ stock opened at $39.22 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.34. The stock has a market capitalization of $57.87 billion, a PE ratio of 17.51, a P/E/G ratio of 1.34 and a beta of 0.87. Mondelez International has a one year low of $39.18 and a one year high of $39.43.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, May 1st. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.65 billion. Mondelez International had a return on equity of 13.04% and a net margin of 12.31%. Mondelez International’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. sell-side analysts expect that Mondelez International will post 2.45 earnings per share for the current fiscal year.
Mondelez International announced that its board has initiated a share repurchase program on Wednesday, January 31st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
MDLZ has been the topic of several research reports. Credit Suisse Group set a $48.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research report on Monday, April 16th. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 4th. Barclays reissued a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a report on Friday, February 2nd. BidaskClub raised Mondelez International from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Finally, Piper Jaffray set a $50.00 price objective on Mondelez International and gave the stock a “buy” rating in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $49.53.
Mondelez International Company 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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