Mondelez International, Inc. $MDLZ Shares Sold by Avalon Trust Co

Avalon Trust Co decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 205,250 shares of the company’s stock after selling 6,825 shares during the period. Avalon Trust Co’s holdings in Mondelez International were worth $13,842,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Rossby Financial LCC increased its holdings in shares of Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares during the last quarter. Aspect Partners LLC grew its holdings in Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after buying an additional 305 shares in the last quarter. Financial Connections Group Inc. acquired a new stake in shares of Mondelez International in the 2nd quarter worth $33,000. Saudi Central Bank purchased a new position in shares of Mondelez International during the 1st quarter worth $36,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after acquiring an additional 163 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MDLZ shares. Bank of America dropped their price objective on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Wells Fargo & Company dropped their price target on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Piper Sandler reduced their price target on shares of Mondelez International from $67.00 to $63.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Finally, Wall Street Zen lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.37.

Mondelez International Stock Down 0.2%

Shares of NASDAQ MDLZ opened at $57.01 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $61.02 and its two-hundred day moving average is $64.26. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.15. The firm has a market cap of $73.56 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 5.34 and a beta of 0.42.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. Research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

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.