Securian Asset Management Inc. Cuts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Securian Asset Management Inc. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,126 shares of the company's stock after selling 11,499 shares during the period. Securian Asset Management Inc.'s holdings in Mondelez International were worth $6,238,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. DekaBank Deutsche Girozentrale increased its stake in shares of Mondelez International by 5.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company's stock worth $179,520,000 after purchasing an additional 120,665 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new position in shares of Mondelez International in the fourth quarter worth about $1,650,000. AGF Management Ltd. raised its holdings in Mondelez International by 32.9% during the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company's stock valued at $125,683,000 after acquiring an additional 429,936 shares during the period. Signature Estate & Investment Advisors LLC increased its position in shares of Mondelez International by 4.7% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company's stock valued at $2,789,000 after buying an additional 1,713 shares during the period. Finally, Bahl & Gaynor Inc. lifted its stake in Mondelez International by 1.1% in the 4th quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company's stock worth $422,468,000 after purchasing an additional 62,595 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $0.69 during trading on Friday, reaching $71.23. 5,827,797 shares of the company's stock traded hands, compared to its average volume of 8,346,397. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The firm has a market cap of $95.55 billion, a PE ratio of 22.61, a P/E/G ratio of 2.54 and a beta of 0.55. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.57. The company has a 50-day simple moving average of $69.99 and a 200-day simple moving average of $71.39.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 EPS. As a group, analysts predict that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MDLZ. Barclays cut their price objective on Mondelez International from $84.00 to $80.00 and set an "overweight" rating for the company in a report on Friday, April 12th. Sanford C. Bernstein raised their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, May 1st. StockNews.com downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 2nd. Citigroup reduced their price objective on Mondelez International from $87.00 to $84.00 and set a "buy" rating for the company in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $82.00 to $76.00 and set an "overweight" rating for the company in a report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.75.

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.