Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Smithfield Trust Co

Smithfield Trust Co grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,816 shares of the company’s stock after acquiring an additional 2,113 shares during the period. Smithfield Trust Co’s holdings in Mondelez International were worth $1,752,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Pacer Advisors Inc. raised its stake in shares of Mondelez International by 8.8% in the 3rd quarter. Pacer Advisors Inc. now owns 249,754 shares of the company’s stock valued at $18,399,000 after acquiring an additional 20,197 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Mondelez International by 2.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock worth $1,268,242,000 after purchasing an additional 489,068 shares during the period. Thompson Siegel & Walmsley LLC bought a new position in shares of Mondelez International during the third quarter valued at approximately $296,000. LPL Financial LLC increased its holdings in shares of Mondelez International by 3.6% in the 3rd quarter. LPL Financial LLC now owns 1,430,392 shares of the company’s stock worth $105,377,000 after acquiring an additional 49,146 shares during the period. Finally, German American Bancorp Inc. acquired a new stake in Mondelez International in the 3rd quarter valued at approximately $217,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on MDLZ. Bank of America boosted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus upped their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price for the company. Finally, Wells Fargo & Company cut their price objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One investment 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 Price Performance

MDLZ stock opened at $64.42 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The firm has a 50 day simple moving average of $70.45 and a two-hundred day simple moving average of $69.42. Mondelez International, Inc. has a one year low of $63.40 and a one year high of $77.20. The stock has a market cap of $86.14 billion, a PE ratio of 22.84, a P/E/G ratio of 2.88 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. On average, analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

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.