Logan Capital Management Inc. Has $13.73 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Logan Capital Management Inc. decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 229,916 shares of the company's stock after selling 24,373 shares during the quarter. Logan Capital Management Inc.'s holdings in Mondelez International were worth $13,733,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in Mondelez International during the 4th quarter worth approximately $1,118,755,000. Capital Research Global Investors increased its stake in shares of Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after buying an additional 4,572,555 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Mondelez International in the fourth quarter valued at about $256,832,000. Van ECK Associates Corp grew its holdings in Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after acquiring an additional 3,282,937 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Mondelez International by 17.1% in the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after acquiring an additional 2,002,640 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

MDLZ has been the topic of several research analyst reports. DZ Bank cut shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. Morgan Stanley lifted their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Royal Bank of Canada reissued an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Finally, DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their target price for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Stock Up 2.5%

MDLZ traded up $1.60 during trading on Thursday, reaching $65.14. 7,309,772 shares of the stock were exchanged, compared to its average volume of 7,965,680. The stock has a market cap of $84.34 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock's 50 day moving average price is $66.26 and its two-hundred day moving average price is $63.47. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period last year, the firm posted $0.93 earnings per share. The business's revenue was up .2% on a year-over-year basis. Equities analysts expect that Mondelez International, Inc. will post 2.9 EPS 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.