Glenmede Trust Co. NA Has $18.91 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Glenmede Trust Co. NA lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 256,726 shares of the company’s stock after selling 2,018 shares during the quarter. Glenmede Trust Co. NA’s holdings in Mondelez International were worth $18,913,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hardy Reed LLC raised its stake in Mondelez International by 1.4% during the third quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock worth $848,000 after buying an additional 161 shares during the last quarter. Townsquare Capital LLC raised its position in shares of Mondelez International by 213.9% in the 3rd quarter. Townsquare Capital LLC now owns 92,279 shares of the company’s stock worth $6,798,000 after acquiring an additional 62,877 shares in the last quarter. Cadence Bank lifted its stake in shares of Mondelez International by 4.1% in the 3rd quarter. Cadence Bank now owns 11,799 shares of the company’s stock valued at $869,000 after purchasing an additional 461 shares during the period. Transamerica Financial Advisors Inc. boosted its position in shares of Mondelez International by 8.9% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 14,049 shares of the company’s stock valued at $1,035,000 after purchasing an additional 1,154 shares in the last quarter. Finally, Avestar Capital LLC grew its stake in Mondelez International by 15.1% during the third quarter. Avestar Capital LLC now owns 8,622 shares of the company’s stock worth $635,000 after purchasing an additional 1,129 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.3 %

Shares of MDLZ stock opened at $65.06 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The company has a market capitalization of $87.00 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.93 and a beta of 0.55. Mondelez International, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20. The company has a 50-day simple moving average of $69.23 and a two-hundred day simple moving average of $69.19.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the previous year, the firm earned $0.82 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Research analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on MDLZ. Piper Sandler boosted their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. Bank of America lifted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Finally, Evercore ISI boosted their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.93.

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.