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

by · The Cerbat Gem

First National Trust Co decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,839 shares of the company’s stock after selling 570 shares during the quarter. First National Trust Co’s holdings in Mondelez International were worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MDLZ. Canopy Partners LLC raised its position in shares of Mondelez International by 20.7% during the first quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock worth $1,140,000 after purchasing an additional 2,876 shares during the period. TCW Group Inc. raised its position in shares of Mondelez International by 1.1% during the first quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock worth $6,679,000 after purchasing an additional 1,075 shares during the period. CORDA Investment Management LLC. raised its position in shares of Mondelez International by 1.5% during the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock worth $38,920,000 after purchasing an additional 8,456 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of Mondelez International during the first quarter worth about $392,000. Finally, Benjamin Edwards Inc. raised its position in shares of Mondelez International by 19.6% during the first quarter. Benjamin Edwards Inc. now owns 501,976 shares of the company’s stock worth $34,059,000 after purchasing an additional 82,144 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of a number of research analyst reports. Piper Sandler raised their price target on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Mizuho dropped their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday. Barclays raised their price target on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Evercore ISI decreased their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Finally, UBS Group decreased 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 analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $70.39.

Get Our Latest Stock Analysis on Mondelez International

Mondelez International Stock Down 2.4%

MDLZ stock opened at $60.21 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average price of $62.16 and a two-hundred day moving average price of $65.04. The company has a market cap of $77.91 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 5.52 and a beta of 0.45. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $71.15.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm 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%. Analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

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.

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