Mondelez International, Inc. $MDLZ is Bahl & Gaynor Inc.’s 10th Largest Position

Bahl & Gaynor Inc. decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,060,915 shares of the company’s stock after selling 86,320 shares during the quarter. Mondelez International accounts for about 2.1% of Bahl & Gaynor Inc.’s investment portfolio, making the stock its 10th largest holding. Bahl & Gaynor Inc. owned 0.47% of Mondelez International worth $408,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MDLZ. Hemington Wealth Management boosted its holdings in shares of Mondelez International by 11.4% in the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock worth $103,000 after buying an additional 156 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Mondelez International by 37.2% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after acquiring an additional 163 shares in the last quarter. Enterprise Bank & Trust Co boosted its stake in Mondelez International by 0.7% in the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after purchasing an additional 170 shares during the period. Relyea Zuckerberg Hanson LLC boosted its stake in Mondelez International by 4.9% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock worth $250,000 after purchasing an additional 175 shares during the period. Finally, RMR Wealth Builders grew its position in Mondelez International by 3.6% during the 2nd quarter. RMR Wealth Builders now owns 5,079 shares of the company’s stock worth $343,000 after purchasing an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Sanford C. Bernstein decreased their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Evercore ISI reduced their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Mizuho dropped their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, October 28th. Finally, DA Davidson reduced their price target on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $68.32.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.00 on Friday. The firm has a market cap of $73.55 billion, a P/E ratio of 21.35, a PEG ratio of 5.34 and a beta of 0.42. 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 fifty-two week low of $53.95 and a fifty-two week high of $71.15. The stock’s 50-day moving average is $60.23 and its two-hundred day moving average is $63.75.

Mondelez International (NASDAQ:MDLZ) last announced 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%. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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.