Mondelez International Inc. (MDLZ) Shares Sold by Capstone Asset Management Co.
Capstone Asset Management Co. reduced its stake in shares of Mondelez International Inc. (NASDAQ:MDLZ) by 3.6% during the third quarter, Holdings Channel reports. The institutional investor owned 323,028 shares of the company’s stock after selling 12,042 shares during the period. Capstone Asset Management Co.’s holdings in Mondelez International were worth $14,181,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Cullinan Associates Inc. raised its position in shares of Mondelez International by 3.4% in the first quarter. Cullinan Associates Inc. now owns 6,119 shares of the company’s stock worth $245,000 after buying an additional 200 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Mondelez International during the first quarter worth about $254,000. Iowa State Bank purchased a new position in shares of Mondelez International during the second quarter worth about $163,000. Kistler Tiffany Companies LLC raised its position in shares of Mondelez International by 36.4% in the second quarter. Kistler Tiffany Companies LLC now owns 6,502 shares of the company’s stock worth $296,000 after buying an additional 1,735 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its position in shares of Mondelez International by 45.8% in the second quarter. Integrated Investment Consultants LLC now owns 5,422 shares of the company’s stock worth $246,000 after buying an additional 1,702 shares during the last quarter. Hedge funds and other institutional investors own 75.19% of the company’s stock.
Mondelez International Inc. (NASDAQ:MDLZ) traded down 1.07% during trading on Wednesday, reaching $42.40. The company’s stock had a trading volume of 2,358,168 shares. Mondelez International Inc. has a 52 week low of $35.88 and a 52 week high of $46.40. The company’s 50 day moving average price is $43.00 and its 200 day moving average price is $43.68. The company has a market cap of $65.48 billion, a P/E ratio of 80.92 and a beta of 1.11.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.09. Mondelez International had a net margin of 3.16% and a return on equity of 10.88%. The company earned $6.40 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The firm’s revenue was down 6.6% on a year-over-year basis. On average, equities analysts anticipate that Mondelez International Inc. will post $1.95 earnings per share for the current fiscal year.
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A number of equities analysts have issued reports on the company. Susquehanna reaffirmed a “buy” rating and set a $55.00 price target on shares of Mondelez International in a research note on Wednesday, October 26th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $51.00 price target on shares of Mondelez International in a research note on Friday, September 9th. Deutsche Bank AG reaffirmed a “hold” rating and set a $46.00 price target on shares of Mondelez International in a research note on Thursday, November 10th. RBC Capital Markets reaffirmed an “outperform” rating and set a $54.00 price target on shares of Mondelez International in a research note on Wednesday, August 31st. Finally, Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, November 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $47.21.
In related news, Director Trian Fund Management, L.P. sold 3,800,000 shares of the company’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $44.09, for a total value of $167,542,000.00. Following the completion of the transaction, the director now directly owns 13,495 shares of the company’s stock, valued at approximately $594,994.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lewis W. K. Booth bought 2,500 shares of Mondelez International stock in a transaction that occurred on Friday, November 11th. The stock was bought at an average cost of $41.61 per share, with a total value of $104,025.00. The disclosure for this purchase can be found here. 3.90% of the stock is currently owned by insiders.
About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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