Keybank National Association OH Has $19.80 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Keybank National Association OH lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 293,556 shares of the company’s stock after selling 16,511 shares during the quarter. Keybank National Association OH’s holdings in Mondelez International were worth $19,797,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MDLZ. Canopy Partners LLC lifted its position in Mondelez International by 20.7% during the first quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock worth $1,140,000 after acquiring an additional 2,876 shares during the last quarter. TCW Group Inc. lifted its holdings in Mondelez International by 1.1% during the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock worth $6,679,000 after purchasing an additional 1,075 shares during the last quarter. CORDA Investment Management LLC. lifted its holdings in Mondelez International by 1.5% during the 1st quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock worth $38,920,000 after purchasing an additional 8,456 shares during the last quarter. Ground Swell Capital LLC acquired a new stake in Mondelez International during the 1st quarter worth approximately $392,000. Finally, Benjamin Edwards Inc. lifted its holdings in Mondelez International by 19.6% during the 1st quarter. Benjamin Edwards Inc. now owns 501,976 shares of the company’s stock worth $34,059,000 after purchasing an additional 82,144 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MDLZ shares. Barclays dropped their target price on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday. Evercore ISI dropped their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. UBS Group dropped their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday. Fourteen 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 stock has a consensus rating of “Moderate Buy” and an average price target of $68.68.

Mondelez International Price Performance

Mondelez International stock opened at $57.78 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15. The stock has a market capitalization of $74.76 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 5.34 and a beta of 0.45. The stock has a fifty day moving average of $61.95 and a 200-day moving average of $64.93.

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

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.