Logan Capital Management Inc. Has $15.77 Million Position in Mondelez International, Inc. $MDLZ

Logan Capital Management Inc. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 23.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 233,855 shares of the company’s stock after selling 73,488 shares during the quarter. Logan Capital Management Inc.’s holdings in Mondelez International were worth $15,771,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Abound Financial LLC bought a new position in shares of Mondelez International during the 1st quarter valued at $25,000. Rossby Financial LCC increased its position in Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after buying an additional 406 shares during the last quarter. North Capital Inc. acquired a new position in Mondelez International during the first quarter worth $31,000. Financial Connections Group Inc. bought a new position in Mondelez International during the second quarter valued at about $33,000. Finally, Saudi Central Bank acquired a new stake in shares of Mondelez International in the first quarter worth about $36,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Up 1.5%

Shares of MDLZ stock opened at $61.66 on Tuesday. The firm has a market capitalization of $79.78 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 5.44 and a beta of 0.45. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. The firm’s fifty day simple moving average is $62.21 and its 200 day simple moving average is $65.08. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $7.30 billion during the quarter. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent analyst reports. Piper Sandler raised their price objective on Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, October 2nd. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Sanford C. Bernstein raised their target price on shares of Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.22.

Mondelez International Company 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.