Tufton Capital Management Decreases Stock Holdings in Mondelez International, Inc. $MDLZ

by · The Cerbat Gem

Tufton Capital Management trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,443 shares of the company’s stock after selling 3,765 shares during the period. Tufton Capital Management’s holdings in Mondelez International were worth $7,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Abound Financial LLC bought a new position in shares of Mondelez International during the 1st quarter valued at approximately $25,000. Rossby Financial LCC increased its position in shares of Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares during the last quarter. Financial Connections Group Inc. bought a new position in shares of Mondelez International during the 2nd quarter valued at approximately $33,000. Saudi Central Bank bought a new position in shares of Mondelez International during the 1st quarter valued at approximately $36,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of MDLZ stock opened at $56.65 on Tuesday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $71.15. The stock has a market capitalization of $73.30 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 5.34 and a beta of 0.45. The stock has a fifty day simple moving average of $61.73 and a two-hundred day simple moving average of $64.75. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $7.30 billion during the quarter. On average, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MDLZ shares. Stifel Nicolaus cut their target price on Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Morgan Stanley cut their price objective on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Mizuho cut their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 28th. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Finally, UBS Group cut their price objective on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $68.68.

View Our Latest Stock Analysis on MDLZ

About Mondelez International

(Free Report)

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.

See Also

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