Boyar Asset Management Inc. Sells 381 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Boyar Asset Management Inc. lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,012 shares of the company’s stock after selling 381 shares during the period. Mondelez International accounts for approximately 2.3% of Boyar Asset Management Inc.’s holdings, making the stock its 13th biggest position. Boyar Asset Management Inc.’s holdings in Mondelez International were worth $3,847,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Schonfeld Strategic Advisors LLC bought a new position in Mondelez International in the 3rd quarter worth about $4,704,000. Lombard Odier Asset Management Switzerland SA lifted its stake in Mondelez International by 16.4% during the 3rd quarter. Lombard Odier Asset Management Switzerland SA now owns 18,944 shares of the company’s stock valued at $1,039,000 after acquiring an additional 2,668 shares during the period. CWM LLC bought a new position in Mondelez International during the 4th quarter valued at about $1,349,000. Brown Advisory Inc. lifted its stake in Mondelez International by 6.8% during the 4th quarter. Brown Advisory Inc. now owns 200,720 shares of the company’s stock valued at $13,310,000 after acquiring an additional 12,802 shares during the period. Finally, Coho Partners Ltd. bought a new position in Mondelez International during the 4th quarter valued at about $133,280,000. Hedge funds and other institutional investors own 77.10% of the company’s stock.

In other Mondelez International news, EVP Maurizio Brusadelli sold 26,500 shares of the company’s stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $65.09, for a total value of $1,724,885.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robin S. Hargrove sold 30,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $65.86, for a total value of $2,008,730.00. Following the completion of the transaction, the executive vice president now owns 32,024 shares of the company’s stock, valued at $2,109,100.64. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.

Mondelez International stock traded up $0.70 during midday trading on Friday, hitting $66.38. The stock had a trading volume of 7,884,165 shares, compared to its average volume of 8,574,711. The firm’s fifty day moving average is $63.37 and its two-hundred day moving average is $64.12. The company has a market capitalization of $91.86 billion, a PE ratio of 22.35, a P/E/G ratio of 3.24 and a beta of 0.64. Mondelez International, Inc. has a 52-week low of $57.63 and a 52-week high of $69.47. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.65.

Mondelez International (NASDAQ:MDLZGet Rating) last released its earnings results on Tuesday, April 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.09. The company had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.47 billion. Mondelez International had a net margin of 14.34% and a return on equity of 14.72%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.99 earnings per share for the current fiscal year.

MDLZ has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Mondelez International from $70.00 to $73.00 in a research note on Thursday, January 20th. Barclays lowered their target price on shares of Mondelez International from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, April 7th. BMO Capital Markets upped their target price on shares of Mondelez International from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, January 31st. Mizuho lowered their target price on shares of Mondelez International from $77.00 to $75.00 in a research note on Wednesday, April 27th. Finally, UBS Group initiated coverage on shares of Mondelez International in a research report on Wednesday, March 30th. They set a “buy” rating and a $73.00 price target for the company. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Buy” and a consensus price target of $72.55.

Mondelez International Company Profile (Get Rating)

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

Further Reading

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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