Camden National Bank Has $9.63 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Camden National Bank trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,682 shares of the company’s stock after selling 338 shares during the period. Camden National Bank’s holdings in Mondelez International were worth $9,627,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International in the 2nd quarter worth $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International in the 2nd quarter worth $27,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International in the 3rd quarter worth $27,000. Richardson Financial Services Inc. lifted its holdings in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International in the 2nd quarter worth $29,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MDLZ. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. Citigroup lowered their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Stifel Nicolaus increased their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI increased their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Trading Down 0.6 %

Shares of Mondelez International stock opened at $64.40 on Friday. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20. The firm has a market cap of $86.12 billion, a PE ratio of 22.84, a P/E/G ratio of 2.93 and a beta of 0.55. The stock has a fifty day moving average price of $70.04 and a 200-day moving average price of $69.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

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

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.