5,186 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,186 shares of the company’s stock, valued at approximately $382,000.

Several other hedge funds also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International during the second quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new stake in Mondelez International during the 2nd quarter worth $27,000. Richardson Financial Services Inc. increased its holdings in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mondelez International in the second quarter valued at about $29,000. Finally, ESL Trust Services LLC acquired a new position in shares of Mondelez International during the first quarter worth about $38,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $69.54 on Tuesday. The stock has a market capitalization of $93.28 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.98 and a beta of 0.54. The firm’s 50-day moving average price is $72.51 and its two-hundred day moving average price is $69.73. Mondelez International, Inc. has a 52-week low of $64.18 and a 52-week high of $77.20. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MDLZ shares. The Goldman Sachs Group began coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. Bank of America lifted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Redburn Atlantic began coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Evercore ISI boosted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.35.

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.