First County Bank CT Has $612,000 Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

First County Bank CT cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.0% in the third quarter, Holdings Channel.com reports. The firm owned 8,309 shares of the company’s stock after selling 925 shares during the period. First County Bank CT’s holdings in Mondelez International were worth $612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in Mondelez International in the 2nd quarter valued at $26,000. Lynx Investment Advisory bought a new position in Mondelez International during the second quarter worth about $27,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International during the third quarter valued at approximately $27,000. Richardson Financial Services Inc. grew its stake in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $29,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.6 %

Shares of MDLZ stock opened at $64.79 on Friday. The firm’s fifty day moving average price is $70.26 and its two-hundred day moving average price is $69.38. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $86.64 billion, a P/E ratio of 22.98, a PEG ratio of 2.88 and a beta of 0.55.

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

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. Wells Fargo & Company lowered their price target on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Stifel Nicolaus boosted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Citigroup cut their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI raised their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

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.