Logan Capital Management Inc. Sells 73,488 Shares of Mondelez International, Inc. $MDLZ

Logan Capital Management Inc. reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 23.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 233,855 shares of the company’s stock after selling 73,488 shares during the quarter. Logan Capital Management Inc.’s holdings in Mondelez International were worth $15,771,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. GWN Securities Inc. increased its holdings in Mondelez International by 48.7% in the 2nd quarter. GWN Securities Inc. now owns 89,304 shares of the company’s stock valued at $6,045,000 after buying an additional 29,257 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Mondelez International by 29.6% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 167,050 shares of the company’s stock valued at $11,266,000 after acquiring an additional 38,184 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Mondelez International by 45.8% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 411,730 shares of the company’s stock valued at $27,767,000 after acquiring an additional 129,400 shares during the period. Advisory Alpha LLC raised its position in Mondelez International by 3.0% in the second quarter. Advisory Alpha LLC now owns 11,590 shares of the company’s stock worth $782,000 after purchasing an additional 338 shares in the last quarter. Finally, Rossby Financial LCC raised its position in Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Mondelez International from $75.00 to $74.00 and set an “overweight” rating on the stock in a research note on Friday, October 17th. Evercore ISI decreased their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Barclays upped their price target on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Sanford C. Bernstein lifted their price objective on Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Thursday, October 2nd. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.22.

Mondelez International Price Performance

Mondelez International stock opened at $61.66 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The firm has a market cap of $79.78 billion, a P/E ratio of 22.59, a P/E/G ratio of 5.44 and a beta of 0.45. The business’s fifty day moving average is $62.21 and its two-hundred day moving average is $65.08. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 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.