First National Trust Co Has $1.20 Million Stake in Mondelez International, Inc. $MDLZ

First National Trust Co trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 17,839 shares of the company’s stock after selling 570 shares during the period. First National Trust Co’s holdings in Mondelez International were worth $1,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MDLZ. Abound Financial LLC acquired a new stake in Mondelez International during the 1st quarter worth approximately $25,000. Rossby Financial LCC lifted its holdings in Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares during the last quarter. North Capital Inc. acquired a new stake in Mondelez International during the 1st quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new stake in Mondelez International during the 2nd quarter worth approximately $33,000. Finally, Saudi Central Bank acquired a new stake in Mondelez International during the 1st quarter worth approximately $36,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Down 2.4%

Shares of MDLZ opened at $60.21 on Wednesday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.15. The business’s fifty day moving average is $62.16 and its 200-day moving average is $65.04. 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 $77.91 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 5.52 and a beta of 0.45.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a report on Thursday, October 2nd. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Barclays lifted their price objective on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, UBS Group dropped their price objective on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.39.

Mondelez International Company 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.