Ledyard National Bank Sells 67,019 Shares of Mondelez International, Inc. $MDLZ

Ledyard National Bank lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 88.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,760 shares of the company’s stock after selling 67,019 shares during the quarter. Ledyard National Bank’s holdings in Mondelez International were worth $591,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after purchasing an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new position in shares of Mondelez International during the 1st quarter worth approximately $866,843,000. Invesco Ltd. raised its stake in shares of Mondelez International by 1.1% during the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock worth $851,327,000 after acquiring an additional 137,604 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after acquiring an additional 3,454,174 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in shares of Mondelez International by 1.5% during the 1st quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock worth $417,090,000 after acquiring an additional 89,362 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on MDLZ shares. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Thursday, October 2nd. DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday. Piper Sandler reduced their price objective on shares of Mondelez International from $67.00 to $63.00 and set a “neutral” rating for the company in a research note on Wednesday. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Finally, Morgan Stanley reduced their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.68.

Mondelez International Stock Down 0.1%

MDLZ stock opened at $57.78 on Friday. The firm has a market cap of $74.76 billion, a PE ratio of 21.64, a P/E/G ratio of 5.34 and a beta of 0.45. 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 firm’s fifty day moving average is $61.95 and its 200 day moving average is $64.93. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.15.

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