1ST Source Bank acquired a new position in Mondelez International Inc. (NASDAQ:MDLZ) during the second quarter, Holdings Channel reports. The institutional investor acquired 4,510 shares of the company’s stock, valued at approximately $206,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Financial Architects Inc increased its position in Mondelez International by 307.7% in the second quarter. Financial Architects Inc now owns 3,580 shares of the company’s stock worth $162,000 after buying an additional 2,702 shares in the last quarter. Iowa State Bank acquired a new position in shares of Mondelez International during the second quarter valued at approximately $163,000. Oakworth Capital Inc. increased its position in shares of Mondelez International by 340.5% in the second quarter. Oakworth Capital Inc. now owns 3,907 shares of the company’s stock valued at $174,000 after buying an additional 3,020 shares in the last quarter. Enterprise Financial Services Corp increased its position in shares of Mondelez International by 206.0% in the second quarter. Enterprise Financial Services Corp now owns 4,104 shares of the company’s stock valued at $186,000 after buying an additional 2,763 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Mondelez International by 9.9% in the second quarter. Quadrant Capital Group LLC now owns 4,248 shares of the company’s stock valued at $184,000 after buying an additional 384 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.
Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded up 0.3360% during midday trading on Wednesday, reaching $42.2615. The company had a trading volume of 2,757,582 shares. The company has a market capitalization of $65.74 billion, a PE ratio of 8.9556 and a beta of 1.02. The company has a 50 day moving average of $43.12 and a 200 day moving average of $43.64. Mondelez International Inc. has a one year low of $35.88 and a one year high of $47.42.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. The business earned $6.30 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the company earned $0.47 earnings per share. Mondelez International’s revenue was down 17.7% compared to the same quarter last year. Analysts predict that Mondelez International Inc. will post $1.85 EPS for the current fiscal year.
Several brokerages have recently commented on MDLZ. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Susquehanna reiterated a “hold” rating on shares of Mondelez International in a research note on Sunday, July 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Mondelez International in a research note on Friday, July 15th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Mondelez International in a research note on Saturday, July 2nd. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research note on Thursday, September 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. Mondelez International currently has a consensus rating of “Buy” and a consensus target price of $47.49.
Mondelez International Company Profile
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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