Avalon Trust Co Has $24.57 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Avalon Trust Co decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 339,246 shares of the company’s stock after selling 2,275 shares during the period. Mondelez International makes up 2.2% of Avalon Trust Co’s holdings, making the stock its 11th biggest position. Avalon Trust Co’s holdings in Mondelez International were worth $24,572,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Murphy Middleton Hinkle & Parker Inc. raised its stake in shares of Mondelez International by 3.9% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after purchasing an additional 136 shares during the period. Cobblestone Asset Management LLC increased its holdings in shares of Mondelez International by 2.8% in the 4th quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock worth $361,000 after buying an additional 138 shares during the last quarter. Graypoint LLC raised its position in shares of Mondelez International by 1.1% during the 4th quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after buying an additional 138 shares in the last quarter. Guyasuta Investment Advisors Inc. lifted its holdings in shares of Mondelez International by 0.8% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after acquiring an additional 138 shares during the last quarter. Finally, Beacon Capital Management LLC raised its position in Mondelez International by 15.9% during the fourth quarter. Beacon Capital Management LLC now owns 1,019 shares of the company’s stock valued at $71,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MDLZ. JPMorgan Chase & Co. reduced 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. Barclays lowered their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Citigroup reduced their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Sanford C. Bernstein raised their price target on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.75.

Mondelez International Trading Down 0.9 %

Shares of MDLZ traded down $0.61 during trading hours on Friday, reaching $69.89. 8,093,601 shares of the company traded hands, compared to its average volume of 9,882,163. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $78.54. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The company’s fifty day moving average price is $70.21 and its two-hundred day moving average price is $70.91. The company has a market capitalization of $94.11 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.44 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same period in the previous year, the firm posted $0.89 EPS. The business’s revenue was up 1.4% on a year-over-year basis. Equities research analysts predict that Mondelez International, Inc. will post 3.51 earnings per share for the current fiscal 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.