First National Trust Co Has $2.86 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

First National Trust Co trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,431 shares of the company’s stock after selling 3,546 shares during the period. First National Trust Co’s holdings in Mondelez International were worth $2,856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MDLZ. Barclays PLC lifted its stake in shares of Mondelez International by 48.8% during the 3rd quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock worth $343,411,000 after buying an additional 1,623,588 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Mondelez International by 44.5% during the third quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock worth $261,370,000 after acquiring an additional 1,159,900 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Mondelez International in the third quarter valued at approximately $71,311,000. Envestnet Asset Management Inc. grew its position in shares of Mondelez International by 38.1% in the third quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock valued at $226,531,000 after purchasing an additional 900,445 shares during the last quarter. Finally, Burgundy Asset Management Ltd. increased its stake in shares of Mondelez International by 52.7% during the third quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock worth $168,660,000 after purchasing an additional 838,651 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Mondelez International stock traded down $0.61 during midday trading on Friday, reaching $69.89. The company’s stock had a trading volume of 8,093,601 shares, compared to its average volume of 9,882,163. 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 cap of $94.11 billion, a PE ratio of 22.19, a price-to-earnings-growth 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. The business has a 50-day moving average price of $70.21 and a 200-day moving average price of $70.91.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $9.16 billion. During the same period in the prior year, the company earned $0.89 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.51 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stifel Nicolaus upped their price objective on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. lowered their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Sanford C. Bernstein raised 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. Finally, Citigroup cut their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.75.

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.