Foyston Gordon & Payne Inc Sells 19,802 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Foyston Gordon & Payne Inc lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 14.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,209 shares of the company's stock after selling 19,802 shares during the quarter. Mondelez International makes up about 2.1% of Foyston Gordon & Payne Inc's investment portfolio, making the stock its 18th largest holding. Foyston Gordon & Payne Inc's holdings in Mondelez International were worth $8,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Dynamic Advisor Solutions LLC increased its holdings in shares of Mondelez International by 1.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 23,362 shares of the company's stock valued at $1,529,000 after acquiring an additional 406 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Mondelez International by 10.4% during the second quarter. Sequoia Financial Advisors LLC now owns 24,796 shares of the company's stock worth $1,623,000 after purchasing an additional 2,335 shares during the period. Burke & Herbert Bank & Trust Co. lifted its position in shares of Mondelez International by 74.5% in the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 13,715 shares of the company's stock worth $898,000 after buying an additional 5,857 shares during the last quarter. Maia Wealth LLC bought a new stake in shares of Mondelez International during the 2nd quarter valued at about $208,000. Finally, Diversified Trust Co raised its stake in Mondelez International by 13.2% during the second quarter. Diversified Trust Co now owns 23,022 shares of the company's stock worth $1,507,000 after acquiring an additional 2,690 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on MDLZ. Evercore ISI upped their target price on Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. Piper Sandler upped their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Wells Fargo & Company cut their target price on Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research note on Thursday, December 5th. Stifel Nicolaus upped their price target 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. Finally, The Goldman Sachs Group started coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a "buy" rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $79.64.

Mondelez International Price Performance

Shares of MDLZ traded up $0.31 during mid-day trading on Tuesday, hitting $61.75. The company's stock had a trading volume of 9,655,694 shares, compared to its average volume of 6,872,837. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The firm has a 50-day moving average price of $67.76 and a 200 day moving average price of $68.81. Mondelez International, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $77.20. The stock has a market capitalization of $82.57 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.84 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $9.11 billion. During the same period in the prior year, the business earned $0.82 EPS. The business's revenue for the quarter was up 1.9% on a year-over-year basis. On average, research analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal 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.