Quantinno Capital Management LP Reduces Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Quantinno Capital Management LP lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 145,147 shares of the company's stock after selling 21,542 shares during the quarter. Quantinno Capital Management LP's holdings in Mondelez International were worth $8,670,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brookstone Capital Management lifted its stake in Mondelez International by 45.9% in the fourth quarter. Brookstone Capital Management now owns 13,535 shares of the company's stock worth $808,000 after acquiring an additional 4,260 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Mondelez International by 23.7% in the 4th quarter. AdvisorNet Financial Inc now owns 4,877 shares of the company's stock worth $291,000 after purchasing an additional 934 shares during the period. Rockland Trust Co. lifted its position in shares of Mondelez International by 4.3% in the 4th quarter. Rockland Trust Co. now owns 7,233 shares of the company's stock worth $432,000 after purchasing an additional 301 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Mondelez International by 21.2% during the 4th quarter. Park Avenue Securities LLC now owns 23,950 shares of the company's stock valued at $1,431,000 after purchasing an additional 4,193 shares in the last quarter. Finally, Pinnacle Bancorp Inc. increased its position in shares of Mondelez International by 36.2% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,936 shares of the company's stock valued at $116,000 after buying an additional 515 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.2%

MDLZ traded up $0.15 during trading on Tuesday, hitting $65.87. 6,236,766 shares of the company's stock traded hands, compared to its average volume of 7,971,595. The stock has a market capitalization of $85.29 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 4.34 and a beta of 0.50. The company's 50 day simple moving average is $66.17 and its two-hundred day simple moving average is $63.31. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. 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 EPS 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 company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same period last year, the company earned $0.93 EPS. Mondelez International's revenue for the quarter was up .2% on a year-over-year basis. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on MDLZ. Royal Bank of Canada restated an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Mizuho raised their target price on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, January 22nd. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and raised their price objective for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group dropped their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. One equities research 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 data from MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and an average target price of $70.55.

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.