Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Decreased by Private Trust Co. NA

Private Trust Co. NA lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,771 shares of the company’s stock after selling 237 shares during the quarter. Private Trust Co. NA’s holdings in Mondelez International were worth $1,162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Waverly Advisors LLC grew its holdings in Mondelez International by 162.2% in the 1st quarter. Waverly Advisors LLC now owns 22,417 shares of the company’s stock worth $1,569,000 after buying an additional 13,869 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in Mondelez International by 25.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 44,660 shares of the company’s stock worth $3,118,000 after purchasing an additional 8,930 shares during the last quarter. Global Financial Private Client LLC raised its position in Mondelez International by 8.4% during the first quarter. Global Financial Private Client LLC now owns 1,966 shares of the company’s stock valued at $137,000 after acquiring an additional 153 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Mondelez International by 6.7% in the 1st quarter. Tidal Investments LLC now owns 93,261 shares of the company’s stock valued at $6,529,000 after purchasing an additional 5,867 shares during the last quarter. Finally, Hancock Whitney Corp boosted its stake in shares of Mondelez International by 2.6% during the 1st quarter. Hancock Whitney Corp now owns 8,539 shares of the company’s stock worth $598,000 after acquiring an additional 216 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. Piper Sandler lifted their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Stifel Nicolaus increased their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Citigroup decreased their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Stock Up 0.8 %

Shares of MDLZ opened at $64.94 on Tuesday. The stock’s 50-day moving average price is $69.83 and its two-hundred day moving average price is $69.29. 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 company has a market capitalization of $86.84 billion, a PE ratio of 23.03, a PEG ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a 12 month low of $63.40 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 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 for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

About Mondelez International

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.