Wilmington Savings Fund Society FSB Has $7.72 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Wilmington Savings Fund Society FSB grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 489.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 104,764 shares of the company’s stock after purchasing an additional 86,981 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Mondelez International were worth $7,718,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. ORG Partners LLC acquired a new stake in Mondelez International in the second quarter valued at approximately $142,000. AdvisorNet Financial Inc lifted its position in Mondelez International by 15.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,630 shares of the company’s stock valued at $107,000 after acquiring an additional 223 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Mondelez International by 12.8% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 19,647 shares of the company’s stock valued at $1,293,000 after purchasing an additional 2,228 shares during the last quarter. Fiduciary Financial Group LLC purchased a new stake in shares of Mondelez International in the second quarter worth approximately $228,000. Finally, Royal Fund Management LLC boosted its position in shares of Mondelez International by 2.4% during the second quarter. Royal Fund Management LLC now owns 12,815 shares of the company’s stock valued at $839,000 after buying an additional 300 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of several analyst reports. Citigroup cut their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Stifel Nicolaus upped their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Bank of America upped their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Evercore ISI boosted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $79.07.

Mondelez International Trading Down 0.8 %

Shares of MDLZ opened at $62.63 on Friday. The company’s fifty day moving average is $67.18 and its 200 day moving average is $68.68. 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 stock has a market capitalization of $83.75 billion, a PE ratio of 22.21, a P/E/G ratio of 2.85 and a beta of 0.53. Mondelez International, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $77.20.

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

Mondelez International announced that its board has authorized a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

About Mondelez International

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.