PNC Financial Services Group Inc. Sells 1,676 Shares of Mondelez International, Inc. $MDLZ

PNC Financial Services Group Inc. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,150,007 shares of the company’s stock after selling 1,676 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Mondelez International were worth $144,996,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Rossby Financial LCC raised its holdings in shares of Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares during the last quarter. Aspect Partners LLC grew its position in Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares during the period. Financial Connections Group Inc. purchased a new stake in Mondelez International during the 2nd quarter valued at $33,000. Saudi Central Bank bought a new position in shares of Mondelez International during the 1st quarter valued at $36,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mondelez International by 37.2% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after buying an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MDLZ shares. DZ Bank raised shares of Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. UBS Group decreased their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Bank of America cut their price objective on Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, Evercore ISI decreased their target price on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.37.

Mondelez International Stock Down 0.2%

Shares of NASDAQ MDLZ opened at $57.01 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. The firm has a 50-day simple moving average of $61.02 and a two-hundred day simple moving average of $64.26. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. The company has a market cap of $73.56 billion, a P/E ratio of 21.35, a PEG ratio of 5.34 and a beta of 0.42.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business 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%. Research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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.