First County Bank CT Decreases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

First County Bank CT reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,309 shares of the company’s stock after selling 925 shares during the period. First County Bank CT’s holdings in Mondelez International were worth $612,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BDF Gestion purchased a new stake in shares of Mondelez International during the second quarter worth about $6,690,000. Buckingham Capital Management Inc. increased its holdings in Mondelez International by 1,554.4% during the 3rd quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock worth $5,483,000 after purchasing an additional 69,934 shares during the last quarter. RIA Advisory Group LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at approximately $905,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Mondelez International by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,445,724 shares of the company’s stock valued at $253,846,000 after buying an additional 50,094 shares during the last quarter. Finally, Strategic Wealth Investment Group LLC grew its holdings in Mondelez International by 40.4% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock worth $10,187,000 after acquiring an additional 40,154 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on MDLZ. The Goldman Sachs Group assumed coverage on 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 raised their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Citigroup dropped their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Stock Up 0.6 %

NASDAQ:MDLZ opened at $64.79 on Friday. The business’s fifty day moving average price is $70.26 and its 200 day moving average price is $69.38. The firm has a market capitalization of $86.64 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.88 and a beta of 0.55. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 1-year low of $63.40 and a 1-year high of $77.20.

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. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

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.