Camden National Bank Sells 338 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Camden National Bank lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,682 shares of the company’s stock after selling 338 shares during the quarter. Camden National Bank’s holdings in Mondelez International were worth $9,627,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Meridian Wealth Management LLC bought a new position in Mondelez International in the 3rd quarter worth about $615,000. Allen Capital Group LLC boosted its position in shares of Mondelez International by 18.4% during the 3rd quarter. Allen Capital Group LLC now owns 4,162 shares of the company’s stock valued at $307,000 after acquiring an additional 647 shares during the last quarter. CFS Investment Advisory Services LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at about $308,000. 49 Wealth Management LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at about $397,000. Finally, Eagle Asset Management Inc. boosted its position in shares of Mondelez International by 17.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,529,755 shares of the company’s stock valued at $112,697,000 after acquiring an additional 230,858 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $64.40 on Friday. 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 business’s 50 day simple moving average is $70.04 and its two-hundred day simple moving average is $69.34. The stock has a market capitalization of $86.12 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55. Mondelez International, Inc. has a one year low of $63.40 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. Analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MDLZ. Piper Sandler lifted their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. DA Davidson dropped their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Finally, Citigroup dropped their target price 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. 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.31.

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.