WASHINGTON TRUST Co Has $16.76 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

WASHINGTON TRUST Co increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% during the third quarter, HoldingsChannel.com reports. The fund owned 227,435 shares of the company’s stock after purchasing an additional 713 shares during the period. WASHINGTON TRUST Co’s holdings in Mondelez International were worth $16,755,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MDLZ. Axiom Advisory LLC grew its holdings in Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after purchasing an additional 143 shares during the last quarter. Cadence Bank boosted its holdings in Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock valued at $804,000 after acquiring an additional 148 shares during the period. Evermay Wealth Management LLC grew its position in shares of Mondelez International by 2.6% in the first quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock valued at $409,000 after purchasing an additional 149 shares during the last quarter. Sachetta LLC increased its stake in shares of Mondelez International by 14.0% in the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after purchasing an additional 149 shares during the period. Finally, Carnegie Investment Counsel boosted its stake in Mondelez International by 1.4% during the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after purchasing an additional 151 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

NASDAQ MDLZ traded up $0.43 on Wednesday, hitting $69.58. 3,351,798 shares of the company were exchanged, compared to its average volume of 6,747,874. Mondelez International, Inc. has a 1-year low of $64.18 and a 1-year high of $77.20. The firm has a 50 day moving average of $72.47 and a two-hundred day moving average of $69.75. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The company has a market cap of $92.94 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.98 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly 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 net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MDLZ shares. Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Piper Sandler decreased their target price on Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. DA Davidson decreased their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Barclays reduced their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.47.

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.