Private Trust Co. NA Trims Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Private Trust Co. NA trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,771 shares of the company’s stock after selling 237 shares during the period. Private Trust Co. NA’s holdings in Mondelez International were worth $1,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International in the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International during the second quarter valued at $27,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International in the third quarter valued at about $27,000. Finally, Richardson Financial Services Inc. raised its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.8 %

Shares of NASDAQ MDLZ opened at $64.94 on Tuesday. The firm has a fifty day moving average of $69.83 and a 200-day moving average of $69.29. Mondelez International, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $86.84 billion, a PE ratio of 23.03, a P/E/G ratio of 2.91 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping 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 firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the company posted $0.82 EPS. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on MDLZ. DA Davidson dropped their price target 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. Stifel Nicolaus boosted their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Redburn Atlantic began coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Evercore ISI boosted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Citigroup reduced their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

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.