Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,898,531 shares of the company's stock after selling 1,051,558 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.82% of Mondelez International worth $650,969,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MDLZ. Norges Bank bought a new stake in shares of Mondelez International in the 4th quarter valued at about $1,118,755,000. Capital Research Global Investors raised its holdings in shares of Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Mondelez International in the 4th quarter valued at about $256,832,000. Van ECK Associates Corp raised its stake in shares of 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 in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Mondelez International by 17.1% during the 4th 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 in the last quarter. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MDLZ. UBS Group boosted their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Barclays upped their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. increased their price target on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and increased their price target for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Trading Up 0.3%

Mondelez International stock traded up $0.18 during midday trading on Friday, hitting $65.32. 8,014,668 shares of the stock were exchanged, compared to its average volume of 7,976,422. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market capitalization of $84.58 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 4.34 and a beta of 0.50. The stock's 50-day simple moving average is $66.15 and its 200 day simple moving average is $63.41. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

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, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period last year, the business earned $0.93 earnings per share. Mondelez International's revenue was up .2% compared to the same quarter last year. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

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.