November 24, 2016 - By Marguerite Chambers · 0 Comments
Mondelez International Inc (NASDAQ:MDLZ) institutional sentiment increased to 0.91 in Q2 2016. Its up 0.02, from 0.89 in 2016Q1. The ratio has improved, as 437 hedge funds increased or opened new holdings, while 493 decreased and sold their holdings in Mondelez International Inc. The hedge funds in our partner’s database now possess: 1.15 billion shares, down from 1.18 billion shares in 2016Q1. Also, the number of hedge funds holding Mondelez International Inc in their top 10 holdings increased from 25 to 29 for an increase of 4. Sold All: 61 Reduced: 432 Increased: 349 New Position: 88.
Mondelez International, Inc. is a snack company. The company has a market cap of $64.90 billion. The Firm makes and markets snack food and beverage products for clients in approximately 165 countries around the world. It has a 79.34 P/E ratio. The Firm operates through five divisions: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa ; Europe, and North America.
The stock decreased 2.07% or $0.9 on November 23, hitting $42.5. About 8.45M shares traded hands. Mondelez International Inc (NASDAQ:MDLZ) has risen 0.73% since April 22, 2016 and is uptrending. It has underperformed by 4.67% the S&P500.
Analysts await Mondelez International Inc (NASDAQ:MDLZ) to report earnings on February, 1. They expect $0.49 earnings per share, up 6.52% or $0.03 from last year’s $0.46 per share. MDLZ’s profit will be $748.26M for 21.68 P/E if the $0.49 EPS becomes a reality. After $0.52 actual earnings per share reported by Mondelez International Inc for the previous quarter, Wall Street now forecasts -5.77% negative EPS growth.
According to Zacks Investment Research, “Mondelez International, Inc. is a food and beverage company. The Company manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. Its brands include Oreo, Nabisco and LU biscuits; Milka and Cadbury chocolates; Trident gum; Jacobs and Maxwell House coffees; Philadelphia cream cheeses; Kraft cheeses, dinners and dressings; Oscar Mayer meats, and Tang powdered beverage. Its brands span various consumer sectors: Biscuits, Confectionery, Beverages, Cheese, Grocery and Convenient Meals. Mondelez International, Inc., formerly known as Kraft Foods Inc., is based in Deerfield, IL.”
Lindsell Train Ltd holds 25.54% of its portfolio in Mondelez International Inc for 10.30 million shares. Trian Fund Management L.P. owns 48.03 million shares or 20.82% of their US portfolio. Moreover, Pershing Square Capital Management L.P. has 13.9% invested in the company for 22.94 million shares. The United Kingdom-based Taube Hodson Stonex Partners Llp has invested 11.77% in the stock. Hillhouse Capital Management Ltd., a Hong Kong-based fund reported 9.30 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 1 sale for $167.43 million net activity.
Ratings analysis reveals 69% of Mondelez International Inc’s analysts are positive. Out of 16 Wall Street analysts rating Mondelez International Inc, 11 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $33 while the high is $60. The stock’s average target of $46.87 is 10.28% above today’s ($42.5) share price. MDLZ was included in 30 notes of analysts from July 31, 2015. RBC Capital Markets maintained it with “Outperform” rating and $49 target price in Thursday, February 4 report. On Thursday, August 6 the stock rating was downgraded by Credit Agricole to “Outperform”. The firm earned “Hold” rating on Thursday, November 10 by Deutsche Bank. On Tuesday, January 19 the stock rating was maintained by Credit Suisse with “Outperform”. The stock of Mondelez International Inc (NASDAQ:MDLZ) earned “Overweight” rating by JP Morgan on Tuesday, September 6. Canaccord Genuity upgraded the stock to “Buy” rating in Thursday, February 4 report. The firm has “Positive” rating by Susquehanna given on Monday, October 26. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, July 31 report. The firm has “Outperform” rating given on Thursday, August 6 by CLSA. The company was initiated on Wednesday, February 24 by UBS.
Mondelez International, Inc., incorporated on January 10, 2005, is a snack company. The Firm makes and markets snack food and beverage products for clients in approximately 165 countries around the world. The Firm operates through five divisions: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America. The Company’s portfolio includes over seven brands, including Nabisco, Oreo and LU biscuits; Cadbury, Cadbury Dairy Milk and Milka chocolates, and Trident gum, as well as over 50 brands. The Company’s brands span five product categories: biscuits (including cookies, crackers and salted snacks); chocolate; gum and candy; beverages (including coffee and powdered beverages), and cheese and grocery. The Company’s other brands include Oreo, Chips Ahoy!, Ritz, TUC/Club Social and belVita biscuits; Cadbury Dairy Milk, Milka and Lacta chocolate; Trident gum; Hall’s candy, and Tang powdered beverages.
Another recent and important Mondelez International Inc (NASDAQ:MDLZ) news was published by Wsj.com which published an article titled: “Mondelez International Earnings — What to Watch” on October 26, 2016.
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By Marguerite Chambers