Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 338,969 shares of the company’s stock after selling 8,482 shares during the quarter. M&T Bank Corp’s holdings in Mondelez International were worth $24,553,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Murphy Middleton Hinkle & Parker Inc. lifted its position 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 worth $264,000 after purchasing an additional 136 shares during the last quarter. Cobblestone Asset Management LLC boosted its position in shares of Mondelez International by 2.8% during the 4th quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock worth $361,000 after acquiring an additional 138 shares in the last quarter. Graypoint LLC increased its holdings in shares of Mondelez International by 1.1% in the 4th quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after acquiring an additional 138 shares during the last quarter. Guyasuta Investment Advisors Inc. lifted its stake in Mondelez International by 0.8% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after purchasing an additional 138 shares during the last quarter. Finally, Beacon Capital Management LLC lifted its stake in Mondelez International by 15.9% during the fourth quarter. Beacon Capital Management LLC now owns 1,019 shares of the company’s stock worth $71,000 after purchasing an additional 140 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on MDLZ. Citigroup dropped their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. JPMorgan Chase & Co. cut their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Sanford C. Bernstein increased their price objective on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Barclays decreased 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. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded down $0.61 during trading on Friday, hitting $69.89. 8,093,601 shares of the company were exchanged, compared to its average volume of 9,882,163. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.43. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $78.54. The company has a market cap of $94.11 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.44 and a beta of 0.55. The firm’s fifty day moving average price is $70.21 and its 200 day moving average price is $70.91.

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

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.