Huntington National Bank Has $16.89 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Huntington National Bank boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 229,253 shares of the company’s stock after buying an additional 646 shares during the period. Huntington National Bank’s holdings in Mondelez International were worth $16,889,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International during the 2nd quarter worth about $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International during the 2nd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Mondelez International during the 2nd quarter valued at about $29,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $38,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MDLZ shares. Evercore ISI lifted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Stifel Nicolaus increased their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Redburn Atlantic began coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Finally, DA Davidson decreased their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $65.56 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm’s 50-day moving average is $71.52 and its 200-day moving average is $69.64. Mondelez International, Inc. has a 52-week low of $64.18 and a 52-week high of $77.20. The company has a market cap of $87.67 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 2.98 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share 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.