Summit Global Investments Invests $486000 in Mondelez International Inc (NASDAQ:MDLZ)

Marco Green
November 15, 2017

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, October 26th. Approximately 1.0% of the company's stock are sold short. It improved, as 48 investors sold MDLZ shares while 407 reduced holdings. This works out to a net decrease in ownership of 27.16 million shares, and suggests that institutions are feeling bearish about the stock. Bessemer Group Inc. grew its stake in Mondelez International by 8,492.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 113,242 shares of the company's stock worth $4,878,000 after purchasing an additional 24,709 shares in the last quarter.

Tricadia Capital Management Llc increased Amc Entmt Hldgs Inc (NYSE:AMC) stake by 25,800 shares to 539,950 valued at $12.28M in 2017Q2. Renaissance Technologies LLC now owns 4,573,598 shares of the company's stock valued at $197,031,000 after acquiring an additional 2,975,800 shares in the last quarter. Natixis increased its position in shares of Mondelez International by 42.8% in the first quarter. Alpine Woods Investors Ltd Liability Company has invested 0.8% of its portfolio in Mondelez International Inc (NASDAQ:MDLZ). Wg Shaheen And Assoc Dba Whitney And Company invested in 108,672 shares.

Several equities analysts have recently commented on the stock. J P Morgan Chase & Co raised the price target of the stock on November 1 changing the price objective from $44.00 to $45.00 with a rating of "Overweight". Finally, RBC Capital Markets reiterated an "outperform" rating and set a $54.00 price target on shares of Mondelez International in a research report on Wednesday, August 31st. Susquehanna Bancshares Inc reaffirmed a "hold" rating on shares of Mondelez International in a research note on Wednesday, August 2nd. RBC Capital Markets maintained the shares of MDLZ in report on Friday, September 1 with "Buy" rating. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $55.00 target price on shares of Mondelez International in a research report on Wednesday, September 20th.

Among 6 analysts covering Cymabay Therapeutics Inc (NASDAQ:CBAY), 6 have Buy rating, 0 Sell and 0 Hold.

Mondelez International, Inc. (NASDAQ:MDLZ) touched its 1-Year High price of $47.23 on 06/02/17 and its 1-Year Low price of $39.19 on 10/30/17. Tealwood Asset Mgmt has 0.53% invested in Mondelez International Inc (NASDAQ:MDLZ) for 32,995 shares. 6,886,600 shares of the stock were exchanged, compared to its average volume of 7,827,404. The P/E ratio is now 29.08 and market cap is 62.76B. The new target price indicates a possible upside of 0.04% based on the company's last stock close price.

Mondelez Int'l has a 52 week low of $40.04 and a 52 week high of $47.23 with a P/E ratio of 35.76 The company's market cap is now $0. Profund Advisors Limited Liability Corporation stated it has 0.24% of its portfolio in Mondelez International Inc (NASDAQ:MDLZ). After $0.33 actual earnings per share reported by Snyder's-Lance Inc for the previous quarter, Wall Street now forecasts 21.21% EPS growth. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. The company's quarterly revenue was up 2.1% on a year-over-year basis. Assetmark Inc. increased its position in shares of Mondelez International by 13.5% during the first quarter.

COPYRIGHT VIOLATION WARNING: "Mondelez International Inc (NASDAQ:MDLZ) Shares Bought by Oak Ridge Investments LLC" was first posted by Week Herald and is the sole property of of Week Herald. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of USA and global trademark and copyright laws. The legal version of this report can be read at https://www.truebluetribune.com/2017/11/15/mondelez-international-inc-mdlz-short-interest-down-22-7-in-october.html. The shares were purchased at an average cost of $41.29 per share, for a total transaction of $61,935.00. Following the transaction, the executive vice president now directly owns 20,965 shares of the company's stock, valued at approximately $858,307.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lewis W.K. Booth acquired 1,500 shares of the business's stock in a transaction that occurred on Thursday, November 9th.

In addition to Piper Jaffray reporting its target price, a total of 17 firms have reported on the stock. The disclosure for this purchase can be found here.

Mondelez International, Inc is a snack company. The Company sells its products to supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores and retail food outlets. 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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