Pitcairn Co. Has $3.64 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Pitcairn Co. decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,378 shares of the company’s stock after selling 2,688 shares during the period. Pitcairn Co.’s holdings in Mondelez International were worth $3,638,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BDF Gestion acquired a new position in shares of Mondelez International in the 2nd quarter valued at $6,690,000. RIA Advisory Group LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at $905,000. Buckingham Capital Management Inc. grew its holdings in shares of Mondelez International by 1,554.4% in the 3rd quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock valued at $5,483,000 after buying an additional 69,934 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Mondelez International by 1.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,445,724 shares of the company’s stock valued at $253,846,000 after buying an additional 50,094 shares during the period. Finally, Strategic Wealth Investment Group LLC grew its holdings in shares of Mondelez International by 40.4% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock valued at $10,187,000 after buying an additional 40,154 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.6 %

Shares of MDLZ stock opened at $64.40 on Friday. 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 firm’s 50-day moving average is $70.04 and its 200-day moving average is $69.34. The stock has a market cap of $86.12 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 2.93 and a beta of 0.55. Mondelez International, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations 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. Sell-side analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. Evercore ISI upped their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Redburn Atlantic initiated 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. DA Davidson reduced their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Bank of America upped their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International 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.