Norway Savings Bank Acquires 1,725 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Norway Savings Bank increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,089 shares of the company’s stock after buying an additional 1,725 shares during the quarter. Norway Savings Bank’s holdings in Mondelez International were worth $1,053,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MDLZ. Hoylecohen LLC lifted its position in shares of Mondelez International by 2.4% during the 1st quarter. Hoylecohen LLC now owns 37,104 shares of the company’s stock worth $2,172,000 after buying an additional 860 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Mondelez International by 6.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 48,452 shares of the company’s stock worth $2,836,000 after buying an additional 3,044 shares during the last quarter. Gladstone Institutional Advisory LLC bought a new stake in shares of Mondelez International during the 1st quarter worth $384,000. Colony Group LLC lifted its position in shares of Mondelez International by 644.8% during the 1st quarter. Colony Group LLC now owns 83,731 shares of the company’s stock worth $4,901,000 after buying an additional 72,489 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its position in Mondelez International by 11.8% in the first quarter. Kingsview Wealth Management LLC now owns 20,977 shares of the company’s stock valued at $1,226,000 after purchasing an additional 2,207 shares during the last quarter. Institutional investors and hedge funds own 75.37% of the company’s stock.

Shares of MDLZ stock opened at $61.32 on Thursday. The stock has a market cap of $85.54 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.48 and a beta of 0.69. The stock has a 50-day moving average of $60.66 and a 200-day moving average of $62.06. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64. Mondelez International, Inc. has a 1-year low of $52.91 and a 1-year high of $65.60.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, November 2nd. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.01. The company had revenue of $7.18 billion during the quarter, compared to analysts’ expectations of $7.04 billion. Mondelez International had a return on equity of 14.54% and a net margin of 15.70%. During the same quarter in the prior year, the firm posted $0.63 earnings per share. Sell-side analysts forecast that Mondelez International, Inc. will post 2.89 earnings per share for the current year.

In other Mondelez International news, EVP Glen Walter sold 6,304 shares of the firm’s stock in a transaction that occurred on Friday, November 19th. The stock was sold at an average price of $62.49, for a total value of $393,936.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles E. Bunch acquired 1,000 shares of Mondelez International stock in a transaction on Friday, November 5th. The stock was purchased at an average cost of $62.46 per share, with a total value of $62,460.00. The disclosure for this purchase can be found here. In the last three months, insiders sold 2,404,366 shares of company stock valued at $150,080,192. Insiders own 0.90% of the company’s stock.

Several equities analysts have commented on MDLZ shares. The Goldman Sachs Group downgraded Mondelez International from a “conviction-buy” rating to a “buy” rating in a research report on Friday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $71.00 target price on shares of Mondelez International in a research report on Friday, August 6th. Morgan Stanley started coverage on Mondelez International in a research report on Tuesday, September 21st. They issued a “buy” rating and a $69.00 target price for the company. Piper Sandler increased their target price on Mondelez International from $69.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, July 28th. Finally, Guggenheim increased their target price on Mondelez International from $63.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 28th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $68.86.

Mondelez International Company Profile

Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, chocolate, gum & candy, cheese & grocery and meals.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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