Capital City Trust Co. FL Has $609,000 Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Capital City Trust Co. FL increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,262 shares of the company’s stock after purchasing an additional 428 shares during the period. Capital City Trust Co. FL’s holdings in Mondelez International were worth $609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BDF Gestion acquired a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $6,690,000. Buckingham Capital Management Inc. increased its stake in Mondelez International by 1,554.4% in the third quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock valued at $5,483,000 after purchasing an additional 69,934 shares in the last quarter. Strategic Wealth Investment Group LLC raised its holdings in Mondelez International by 40.4% in the third quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock worth $10,187,000 after purchasing an additional 40,154 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Mondelez International by 1.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,445,724 shares of the company’s stock worth $253,846,000 after purchasing an additional 50,094 shares in the last quarter. Finally, Czech National Bank grew its holdings in shares of Mondelez International by 6.5% in the 3rd quarter. Czech National Bank now owns 272,116 shares of the company’s stock valued at $20,047,000 after buying an additional 16,507 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Stifel Nicolaus raised their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group started coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. Piper Sandler increased their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. DA Davidson cut their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Citigroup lowered their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Trading Down 1.6 %

Shares of Mondelez International stock opened at $64.49 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $71.11 and a 200 day simple moving average of $69.54. Mondelez International, Inc. has a 12-month low of $63.91 and a 12-month high of $77.20. The company has a market capitalization of $86.24 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the company posted $0.82 earnings per share. Mondelez International’s quarterly revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Profile

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 and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.