Spinnaker Trust Purchases 1,830 Shares of Mondelez International, Inc. $MDLZ

Spinnaker Trust raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 20.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,853 shares of the company’s stock after buying an additional 1,830 shares during the quarter. Spinnaker Trust’s holdings in Mondelez International were worth $732,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Abound Financial LLC bought a new stake in Mondelez International in the first quarter valued at about $25,000. Rossby Financial LCC lifted its stake 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 purchasing an additional 406 shares during the period. North Capital Inc. acquired a new stake in Mondelez International during the first quarter valued at approximately $31,000. Financial Connections Group Inc. bought a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $33,000. Finally, Saudi Central Bank bought a new stake in shares of Mondelez International in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.1%

NASDAQ:MDLZ opened at $57.78 on Friday. The company has a market cap of $74.76 billion, a price-to-earnings 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 stock’s fifty day moving average price is $61.95 and its two-hundred day moving average price is $64.93. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.15.

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

Analysts Set New Price Targets

MDLZ has been the topic of several recent analyst reports. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Sanford C. Bernstein cut their price objective on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday. Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Finally, Wells Fargo & Company dropped their target price on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.68.

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.