Smithfield Trust Co Grows Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Smithfield Trust Co grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 23,816 shares of the company’s stock after buying an additional 2,113 shares during the period. Smithfield Trust Co’s holdings in Mondelez International were worth $1,752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth $27,000. Richardson Financial Services Inc. boosted its position 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. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International during the second quarter worth about $26,000. Lynx Investment Advisory purchased a new position in Mondelez International in the 2nd quarter worth $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mondelez International in the 2nd quarter worth approximately $29,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $64.42 on Thursday. Mondelez International, Inc. has a 12-month low of $63.40 and a 12-month high of $77.20. The company has a market cap of $86.14 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 2.88 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company’s fifty day moving average is $70.45 and its two-hundred day moving average is $69.42.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 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 analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. Equities analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MDLZ shares. Wells Fargo & Company reduced their price target on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company 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 target price on the stock. 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. Bank of America raised their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, DA Davidson decreased their price objective 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. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $80.31.

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.