Coastline Trust Co Takes $94,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Coastline Trust Co bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,278 shares of the company’s stock, valued at approximately $94,000.

Other large investors also recently made changes to their positions in the company. Edgestream Partners L.P. boosted its position in shares of Mondelez International by 43.4% in the 1st quarter. Edgestream Partners L.P. now owns 38,505 shares of the company’s stock valued at $2,695,000 after purchasing an additional 11,660 shares during the period. Jacobi Capital Management LLC boosted its holdings in shares of Mondelez International by 4.7% in the first quarter. Jacobi Capital Management LLC now owns 7,810 shares of the company’s stock worth $547,000 after buying an additional 348 shares during the period. Penobscot Investment Management Company Inc. increased its position in shares of Mondelez International by 33.0% in the first quarter. Penobscot Investment Management Company Inc. now owns 40,987 shares of the company’s stock worth $2,869,000 after acquiring an additional 10,160 shares in the last quarter. Rockport Wealth LLC acquired a new stake in shares of Mondelez International during the first quarter valued at approximately $894,000. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Mondelez International by 35.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 241,207 shares of the company’s stock valued at $16,884,000 after acquiring an additional 62,511 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MDLZ shares. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Evercore ISI increased their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Stifel Nicolaus lifted their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group started coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Finally, Bank of America increased their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Stock Down 1.6 %

MDLZ opened at $64.49 on Friday. Mondelez International, Inc. has a twelve month low of $63.91 and a twelve month high of $77.20. 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 business has a 50 day moving average price of $71.11 and a 200 day moving average price of $69.55. The firm has a market cap of $86.24 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current 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.