Conning Inc. Sells 37,616 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Conning Inc. trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 479,560 shares of the company's stock after selling 37,616 shares during the quarter. Mondelez International accounts for about 1.2% of Conning Inc.'s portfolio, making the stock its 27th biggest holding. Conning Inc.'s holdings in Mondelez International were worth $34,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tyler Stone Wealth Management acquired a new stake in Mondelez International in the 2nd quarter valued at about $25,000. Retirement Group LLC purchased a new stake in Mondelez International during the fourth quarter valued at about $25,000. Carmel Capital Partners LLC purchased a new stake in Mondelez International during the third quarter valued at about $28,000. First Command Advisory Services Inc. purchased a new stake in Mondelez International during the third quarter valued at about $29,000. Finally, Halpern Financial Inc. lifted its stake in Mondelez International by 585.3% during the third quarter. Halpern Financial Inc. now owns 466 shares of the company's stock valued at $32,000 after buying an additional 398 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.1 %

NASDAQ:MDLZ traded down $0.09 during mid-day trading on Friday, reaching $66.69. The stock had a trading volume of 7,433,559 shares, compared to its average volume of 8,601,398. The business's 50 day moving average is $71.39 and its 200 day moving average is $70.55. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.59. The stock has a market cap of $89.80 billion, a P/E ratio of 18.37, a PEG ratio of 2.32 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The firm's revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.55%. Mondelez International's payout ratio is currently 46.83%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, January 18th. Stifel Nicolaus upped their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. Citigroup dropped their target price on Mondelez International from $87.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday. Barclays dropped their target price on Mondelez International from $84.00 to $80.00 and set an "overweight" rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. dropped their target price on Mondelez International from $82.00 to $76.00 and set an "overweight" rating on the stock in a report on Friday. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $80.89.

Mondelez International Company 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.