Teza Capital Management LLC Trims Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Teza Capital Management LLC decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 40.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,011 shares of the company's stock after selling 35,221 shares during the quarter. Teza Capital Management LLC's holdings in Mondelez International were worth $3,047,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MDLZ. Norges Bank bought a new position in shares of Mondelez International in the fourth quarter worth about $1,118,755,000. Capital Research Global Investors boosted 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 worth $2,241,637,000 after acquiring an additional 4,572,555 shares during the period. Raymond James Financial Inc. bought a new position in shares of Mondelez International in the fourth quarter worth about $256,832,000. Van ECK Associates Corp boosted its stake in shares of Mondelez International by 2,560.0% in the fourth 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 period. Finally, Deutsche Bank AG boosted 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 period. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Down 0.9%

MDLZ stock traded down $0.61 during midday trading on Wednesday, reaching $65.26. 6,249,682 shares of the company traded hands, compared to its average volume of 7,991,645. 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 business has a 50 day moving average of $66.19 and a 200-day moving average of $63.33. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm has a market capitalization of $84.50 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The company's revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. The Goldman Sachs Group decreased their target price on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Finally, Stifel Nicolaus boosted their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $70.55.

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.