Huntington National Bank Acquires 646 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Huntington National Bank grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 229,253 shares of the company’s stock after acquiring an additional 646 shares during the quarter. Huntington National Bank’s holdings in Mondelez International were worth $16,889,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Mondelez International by 5.4% in the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after acquiring an additional 6,696,897 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Mondelez International by 40.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares in the last quarter. Capital Research Global Investors raised its position in Mondelez International by 7.3% in the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after purchasing an additional 2,206,023 shares during the last quarter. Wulff Hansen & CO. boosted its stake in Mondelez International by 6,311.0% in the second quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock worth $114,575,000 after purchasing an additional 1,723,537 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Mondelez International by 231.4% during the second quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock worth $118,101,000 after purchasing an additional 1,260,124 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Mondelez International stock opened at $65.56 on Friday. 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 $87.67 billion, a P/E ratio of 23.25, a PEG ratio of 2.98 and a beta of 0.55. The business has a 50-day moving average of $71.52 and a 200-day moving average of $69.64. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter last year, the firm earned $0.82 EPS. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MDLZ. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Evercore ISI boosted their target price on shares of 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 upped their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. DA Davidson lowered their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Wells Fargo & Company reduced their price objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.