Conning Inc. Decreases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Conning Inc. reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 540,978 shares of the company's stock after selling 52,624 shares during the period. Mondelez International comprises 1.3% of Conning Inc.'s investment portfolio, making the stock its 16th largest holding. Conning Inc.'s holdings in Mondelez International were worth $36,705,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Goodman Advisory Group LLC purchased a new position in Mondelez International in the first quarter valued at approximately $26,000. Transce3nd LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth approximately $30,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after buying an additional 346 shares during the last quarter. Finally, North Capital Inc. purchased a new stake in shares of Mondelez International during the 1st quarter worth approximately $31,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $0.55 on Friday, reaching $69.02. 3,342,865 shares of the company were exchanged, compared to its average volume of 8,080,877. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The firm has a market cap of $89.36 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 5.35 and a beta of 0.48. The company has a 50-day moving average of $66.85 and a 200-day moving average of $63.92.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the prior year, the company posted $0.93 EPS. The business's revenue for the quarter was up .2% on a year-over-year basis. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. Mondelez International's dividend payout ratio is presently 69.89%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Morgan Stanley lifted their target price on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $70.63.

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.