St. Louis Trust Co Takes $200,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

St. Louis Trust Co purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,718 shares of the company’s stock, valued at approximately $200,000.

Other large investors also recently bought and sold shares of the company. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International during the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new position in Mondelez International during the second quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mondelez International in the second quarter worth $29,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International in the third quarter worth $38,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MDLZ. Wells Fargo & Company lowered their price target on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Piper Sandler lifted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Citigroup cut their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus upped their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Stock Performance

Shares of MDLZ opened at $63.84 on Tuesday. The business has a 50-day simple moving average of $70.87 and a two-hundred day simple moving average of $69.49. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52 week low of $63.72 and a 52 week high of $77.20. The stock has a market cap of $85.37 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 2.91 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. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the firm posted $0.82 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts expect 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.