Parkside Financial Bank & Trust Increases Stock Position in Mondelez International, Inc. $MDLZ

Parkside Financial Bank & Trust boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 15.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,110 shares of the company’s stock after buying an additional 1,743 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Mondelez International were worth $884,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hemington Wealth Management boosted its stake in shares of Mondelez International by 11.4% during the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock worth $103,000 after acquiring an additional 156 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in Mondelez International by 37.2% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after purchasing an additional 163 shares during the period. Enterprise Bank & Trust Co raised its holdings in Mondelez International by 0.7% in the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after purchasing an additional 170 shares during the period. Sage Private Wealth Group LLC boosted its position in Mondelez International by 3.7% during the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock worth $334,000 after purchasing an additional 175 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC boosted its position in Mondelez International by 4.9% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock worth $250,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MDLZ. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Wells Fargo & Company dropped their price target on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Sanford C. Bernstein cut their price target on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Stifel Nicolaus reduced their price objective on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a report on Thursday, October 2nd. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $68.68.

Mondelez International Trading Up 1.8%

Shares of MDLZ stock opened at $57.18 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61. The stock’s fifty day moving average is $61.31 and its two-hundred day moving average is $64.45. The firm has a market capitalization of $73.99 billion, a P/E ratio of 21.42, a PEG ratio of 5.34 and a beta of 0.42.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. Research analysts expect that Mondelez International, Inc. will post 2.9 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.