Lakeview Capital Partners LLC purchased a new stake in Mondelez International Inc (NASDAQ:MDLZ) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,831 shares of the company’s stock, valued at approximately $212,000.
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Several other hedge funds also recently bought and sold shares of MDLZ. Ibex Wealth Advisors purchased a new position in Mondelez International in the second quarter worth approximately $26,000. Brand Asset Management Group Inc. lifted its stake in Mondelez International by 1,367.6% during the second quarter. Brand Asset Management Group Inc. now owns 499 shares of the company’s stock worth $27,000 after purchasing an additional 465 shares in the last quarter. JNBA Financial Advisors lifted its stake in Mondelez International by 66.0% during the second quarter. JNBA Financial Advisors now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 210 shares in the last quarter. Manchester Financial Inc. acquired a new position in Mondelez International during the second quarter worth $30,000. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Mondelez International during the second quarter worth $32,000. Institutional investors and hedge funds own 76.42% of the company’s stock.
Shares of NASDAQ MDLZ traded down $0.01 during mid-day trading on Friday, hitting $51.73. The company had a trading volume of 3,521,300 shares, compared to its average volume of 6,547,457. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.50 and a quick ratio of 0.34. The company has a market capitalization of $74.56 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 2.69 and a beta of 0.79. Mondelez International Inc has a 1-year low of $38.78 and a 1-year high of $56.72. The business’s 50-day simple moving average is $53.96 and its 200 day simple moving average is $53.76.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mondelez International had a net margin of 15.42% and a return on equity of 13.93%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. On average, analysts expect that Mondelez International Inc will post 2.47 EPS for the current year.
A number of research analysts have commented on the company. Berenberg Bank set a $56.00 price target on Mondelez International and gave the stock a “hold” rating in a research note on Monday, November 4th. BidaskClub cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. UBS Group set a $62.00 price objective on Mondelez International and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America reiterated a “buy” rating and issued a $61.00 price objective on shares of Mondelez International in a research note on Thursday, October 31st. Finally, Wells Fargo & Co increased their price objective on Mondelez International from $60.00 to $65.00 and gave the company a “positive” rating in a research note on Tuesday, July 23rd. Two 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. Mondelez International presently has a consensus rating of “Buy” and a consensus target price of $59.29.
In related news, EVP Vinzenz P. Gruber sold 40,377 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $56.68, for a total value of $2,288,568.36. Following the completion of the sale, the executive vice president now owns 112,137 shares in the company, valued at $6,355,925.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by company insiders.
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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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