Trust Co. of Vermont cut its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 4.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 129,214 shares of the company’s stock after selling 6,330 shares during the quarter. Trust Co. of Vermont’s holdings in Mondelez International were worth $6,450,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in MDLZ. Vanguard Group Inc lifted its holdings in Mondelez International by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 105,273,083 shares of the company’s stock valued at $4,522,531,000 after purchasing an additional 944,384 shares in the last quarter. BlackRock Inc. lifted its holdings in Mondelez International by 4.0% in the 4th quarter. BlackRock Inc. now owns 90,450,969 shares of the company’s stock valued at $3,620,751,000 after purchasing an additional 3,487,619 shares in the last quarter. Northern Trust Corp lifted its holdings in Mondelez International by 3.6% in the 4th quarter. Northern Trust Corp now owns 20,893,890 shares of the company’s stock valued at $836,382,000 after purchasing an additional 723,025 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Mondelez International by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after purchasing an additional 1,928,429 shares in the last quarter. Finally, Norges Bank purchased a new position in Mondelez International in the 4th quarter valued at about $657,626,000. Institutional investors and hedge funds own 77.07% of the company’s stock.
A number of research firms have issued reports on MDLZ. Credit Suisse Group upped their target price on shares of Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. UBS Group upped their target price on shares of Mondelez International to $56.00 and gave the company a “buy” rating in a report on Monday, April 15th. They noted that the move was a valuation call. Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the company a “buy” rating in a report on Friday, April 5th. Finally, ValuEngine raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mondelez International presently has an average rating of “Buy” and a consensus target price of $49.67.
NASDAQ MDLZ opened at $51.35 on Friday. Mondelez International Inc has a 12 month low of $38.78 and a 12 month high of $52.57. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33. The stock has a market cap of $73.41 billion, a PE ratio of 21.13, a P/E/G ratio of 2.73 and a beta of 0.89.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The company had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the prior year, the company posted $0.62 EPS. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, analysts expect that Mondelez International Inc will post 2.49 earnings per share for the current fiscal year.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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