Midwest Trust Co Buys Shares of 34,340 Mondelez International, Inc. $MDLZ

Midwest Trust Co purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 34,340 shares of the company’s stock, valued at approximately $2,316,000.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after purchasing an additional 13,755,181 shares during the last quarter. Nuveen LLC bought a new stake in shares of Mondelez International in the 1st quarter valued at about $866,843,000. Goldman Sachs Group Inc. boosted its holdings in shares of Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after buying an additional 3,454,174 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after buying an additional 1,775,570 shares during the last quarter. Finally, Hamlin Capital Management LLC bought a new position in shares of Mondelez International during the 1st quarter worth approximately $64,152,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Down 1.6%

NASDAQ:MDLZ opened at $56.25 on Tuesday. The firm has a market capitalization of $72.78 billion, a P/E ratio of 21.07, a PEG ratio of 5.34 and a beta of 0.42. The company’s fifty day moving average price is $61.20 and its 200-day moving average price is $64.37. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on MDLZ. JPMorgan Chase & Co. lowered their target price on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Stifel Nicolaus decreased their price objective on Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Evercore ISI lowered their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Royal Bank Of Canada dropped their target price on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, Mizuho decreased their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, October 28th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $68.37.

Mondelez International 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.