Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Avalon Trust Co

Avalon Trust Co lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 339,246 shares of the company’s stock after selling 2,275 shares during the quarter. Mondelez International comprises about 2.2% of Avalon Trust Co’s holdings, making the stock its 11th largest position. Avalon Trust Co’s holdings in Mondelez International were worth $24,572,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MDLZ. National Bank of Canada FI boosted its stake in Mondelez International by 29.4% during the fourth quarter. National Bank of Canada FI now owns 1,474,364 shares of the company’s stock worth $108,866,000 after buying an additional 334,561 shares during the period. Pointe Capital Management LLC lifted its holdings in shares of Mondelez International by 21.1% in the 4th quarter. Pointe Capital Management LLC now owns 10,611 shares of the company’s stock worth $769,000 after acquiring an additional 1,847 shares during the last quarter. TCG Advisory Services LLC boosted its position in shares of Mondelez International by 91.8% during the 4th quarter. TCG Advisory Services LLC now owns 13,100 shares of the company’s stock worth $949,000 after purchasing an additional 6,269 shares during the period. Vestmark Advisory Solutions Inc. increased its holdings in Mondelez International by 0.8% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 35,593 shares of the company’s stock valued at $2,578,000 after purchasing an additional 265 shares during the last quarter. Finally, AJOVista LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $77,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.9 %

MDLZ stock traded down $0.61 during trading on Friday, hitting $69.89. 8,093,601 shares of the company’s stock were exchanged, compared to its average volume of 9,882,163. The business has a 50-day moving average price of $70.21 and a two-hundred day moving average price of $70.91. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $94.11 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.44 and a beta of 0.55. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.51 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Citigroup reduced their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Barclays dropped their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, Sanford C. Bernstein increased their target price on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.75.

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.