Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Fiduciary Trust Co

Fiduciary Trust Co boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,461 shares of the company’s stock after purchasing an additional 1,511 shares during the period. Fiduciary Trust Co’s holdings in Mondelez International were worth $2,023,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MDLZ. Cetera Investment Advisers lifted its stake in Mondelez International by 224.4% during the first quarter. Cetera Investment Advisers now owns 326,976 shares of the company’s stock valued at $22,888,000 after buying an additional 226,173 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of Mondelez International by 102.9% during the first quarter. Cetera Advisors LLC now owns 59,699 shares of the company’s stock valued at $4,179,000 after acquiring an additional 30,280 shares during the period. Westwood Holdings Group Inc. purchased a new stake in shares of Mondelez International in the 1st quarter valued at approximately $321,000. Mosaic Family Wealth Partners LLC boosted its stake in Mondelez International by 7.4% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 4,364 shares of the company’s stock worth $305,000 after purchasing an additional 302 shares during the period. Finally, Keynote Financial Services LLC acquired a new stake in Mondelez International during the 1st quarter valued at $259,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Stifel Nicolaus raised their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Piper Sandler upped their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group began coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Finally, Evercore ISI lifted their target price 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. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $79.93.

Mondelez International Stock Down 0.2 %

MDLZ opened at $64.95 on Friday. The firm has a market cap of $86.85 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 2.94 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The business has a 50 day moving average price of $69.04 and a 200 day moving average price of $69.14. Mondelez International, Inc. has a twelve month low of $63.40 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. Research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

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.